Q & A
Last year, I started working as a self-employed Web page designer. What must I do to get credit for my income with the IRS and Social Security?
Answer: You report your net earnings for Social Security when you file your federal income tax return. Net earnings for Social Security are your gross earnings from your trade or business, minus all your allowable business deductions and depreciation. If your net earnings are $400 or more in any year, you must report your earnings on Schedule SE for Social Security purposes, in addition to the other tax forms you must file. Read more…
Source:San Antonio Express-News, April 5, 2014
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