Business Taxes

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Need Some Deductions for 2011?

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10 Oddball Tax Deductions

11 Most Overlooked Tax Deductions

Updated for 2011

Self-Employment Tax

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When to File Schedule SE

When You Must File Schedule SE if net earning from self-employment is $400 or more, you must file Schedule SE.

If you had a job and also received self-employment income, take into account your wages from your job when figuring maximum earnings subject to the social security portion of the the self-employment tax.

When You're Not Required to File Schedule SE

If net earning from self-employment, figured on Schedule SE, is less than $400, you're not liable for self-employment tax. You're not required to file Schedule SE.

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Self-Employment Tax: Self-Employment Tax Rate

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