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Tax related question

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KPtoys
I'm getting old

Member since 5/05

8688 total posts

Name:
Karen

Tax related question

Does anyone know if the money a self employeed pays in during the year is tax deductable or not???

Posted 12/29/06 1:15 PM
 
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Michelle
My Little Yankee Fans

Member since 1/06

4018 total posts

Name:

Re: Tax related question

Are you referring to estimated tax payments that are made quarterly?

If so no they are not, but 1/2 of the self employment tax that you pay a tthe end of the year is a deduction on your 1040.

Posted 12/29/06 2:11 PM
 
 

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