This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 1040 Schedule SE for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1040, U.S. Individual Income Tax Return. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is Schedule SE?
A: Schedule SE is a tax form used to calculate and report self-employment taxes.
Q: Who must file Schedule SE?
A: Individuals who have income from self-employment need to file Schedule SE.
Q: What is self-employment tax?
A: Self-employment tax is a tax imposed on individuals who work for themselves and is used to fund programs like Social Security and Medicare.
Q: How do I calculate self-employment taxes?
A: You can calculate self-employment taxes by using Schedule SE. It takes your net self-employment income and applies the self-employment tax rate.
Q: What is the self-employment tax rate?
A: The self-employment tax rate is 15.3% as of 2021.
Q: Are there any deductions or exemptions for self-employment taxes?
A: Yes, there are deductions and exemptions available for self-employment taxes. Schedule SE allows you to deduct a portion of your self-employment tax.
Q: Is Schedule SE required for everyone who is self-employed?
A: Schedule SE is required for most self-employed individuals. However, there are certain exceptions for small business owners and certain types of self-employment income.
Form Details:
Download a fillable version of IRS Form 1040 Schedule SE through the link below or browse more documents in our library of IRS Forms.