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It’s the Law Q&A on Social Security Self Employment Tax
A reader asks if declining Social Security benefits affects self employment tax. The answer states that if net earnings from self employment reach 400 dollars or more, tax is due regardless of desire to receive benefits. There is no exemption from self employment tax for personal preference not to collect Social Security.
MENTIONED IN THIS ARTICLE
Lancaster Farming
Pennsylvania Bar Association
Quarryville, Pa
Social Security Administration
Department of Health Education and Welfare