Self Employement Tax

💡 Schedule SE (Form 1040) – For the Self-Employment Tax :- If you work for yourself, you don’t have an employer to withhold Social Security & Medicare taxes — so you pay both parts yourself through Schedule SE. 📊 Self-Employment Tax 📌 Rate: 15.3% of your net earnings (12.4% Social Security + 2.9% Medicare) 📌…