What is Self-Employment Tax (and why do I have to pay it?)
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YouTubeThe Tax Geek
What is Self-Employment Tax (and why do I have to pay it?)
All self-employed people who show a profit must pay at least some Self-Employment Tax. This video dives into what the tax is, who must pay it, and how the tax is calculated. 2024 UPDATE: The maximum amount of net self-employment income subject to the Social Security portion of the Self-Employment Tax is $168,600 for 2024. Video resources: IRS ...
6K viewsFeb 9, 2021
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