Internal Revenue Service United States Department of the Treasury
Module 14: Self-Employment Income and Self-Employment Tax




self-employment tax - similar to Social Security and Medicare taxes. The self-employment tax rate is 15.3 percent of self-employment profit. The self-employment tax is calculated on Schedule SE, Self-Employment Tax. The self-employment tax is reported on Form 1040, U.S. Individual Income Tax Return.


Tax Tutorial
Close Window