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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Driving for UberLyftSidecar
 
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Droo
Jun 25, 2003

 You deduct 1/2 of self employment tax from your federal taxable income. You still pay it.

Deducting it will save you like 1-2% of your total income in federal tax owed, whereas 1/2 of SE tax is like 7.5 percent or something.

* # ¿ Jul 28, 2014 10:09
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# ¿ Apr 28, 2024 23:42
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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Driving for UberLyftSidecar