Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Self-Employment Tax Form 1040-SS

Self-Employment Tax

Methods for Computing Self-Employment Tax

Three Methods

There are three ways to compute self-employment tax:

  • Regular Method: Used by most taxpayers
  • Nonfarm Optional Method: Used by taxpayers who need additional quarters of credit to get Social Security benefits
  • Farm Optional Method: Not covered in VITA training