Tax
Deductible half
Half the SE tax is deductible above the line against income tax.
The Formula
Deduction = SE tax / 2
Half the SE tax is deductible above the line against income tax.
| Symbol | Meaning | Unit | Notes |
|---|---|---|---|
| SE | Self-employment tax | currency | Total SE tax computed above. |
What Each Symbol Means
SEcurrency
Self-employment tax
Total SE tax computed above.
See It Worked With Real Numbers
A formula on its own does not tell you which number goes where. The how to calculate self employment tax page applies this equation to a concrete case, shows every intermediate step, and names the mistakes that produce a wrong answer even when the algebra is right.
Where This Formula Appears
This equation is the working core of How To Calculate Self Employment Tax, filed under Finance. Every number the guide produces comes from substituting into this one line.