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Coupon for turbotax home and business
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A Guide to Paying Quarterly Taxes - TurboTax Tax Tips & Videos The self-employment tax (Social Security and Medicare) Income tax on the profits that your business made and any other income. For example, in the 2021 tax year: The self-employment tax rate on net income up to $142,800 for tax year 2021 is 15.3%. That breaks down to 12.4% Social Security tax and 2.9% Medicare tax.
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