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How does TurboTax calculate self employment tax? 1

Posted on October 18, 2010 by admin
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These are useful and collceted by Anne!
Question: How does TurboTax calculate self employment tax?
I’m self employed, made 00 last year and I live with parents. The 00 is BEFORE i subtract my expenses. Deductable expenses are roughly 25. What would turbotax tell me my self employment tax is? How much will I pay the IRS. I’m filing for year 2008. What about medicre, social security? How is this calcuated. Please explain.

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Category Self-Employment

What TurboTax product should you use to do self employment taxes? 45

Posted on July 30, 2010 by admin
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Anne edited the following
Question: What TurboTax product should you use to do self employment taxes?
I’m currently freelancing at an ad agency and I’ll need to do self employment taxes. I’ve never done this before and I’d like to know what TurboTax products would be most helpful to make the process easy.

Thanks!

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Category Self-Employment



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