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Old 06-11-2014, 02:46 PM
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Will reach FICA max from full time job, will I owe self-employment tax

Due to job change and severance pay, I will be reaching the max FICA income level of 117,000 this year. I also have some self-employment income. Will I owe any self-employment tax? I obviously would like to have my full-time job pay my full requirement and then save the 15%+ from my self employment, but I do not know if IRS requires so much from each form of employment. Thanks in advance.



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Old 06-12-2014, 11:06 AM
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Never mind, I think I found the answer. I will owe Medicare, but not SS



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