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.