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  • How much tax will I have to pay self employed 2024?

    $127,200 $127,200 $127,200

    Questioner:Zoe Reed 2023-05-08 00:39:17
The most authoritative answer in 2024
  • Amelia Turner——Studied at the University of Edinburgh, Lives in Edinburgh, Scotland.

    The Social Security portion of the tax is paid on the first $127,200 of employment income in 2017. Unfortunately, when you are self-employed you pay both portions of these taxes--for a total of 15.3 percent. However, you get to claim a deduction for a portion of this when you file your tax return.read more >>
    +119962023-05-16 00:39:17

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