Form SE

Form SE is a document used by self-employed individuals, like freelancers or sole proprietors, to report and calculate their self-employment tax, which covers Social Security and Medicare. It ensures they pay these taxes correctly based on their income from self-employment activities. The form is filed with their annual tax return and helps determine the amount of tax owed, similar to how employees have payroll taxes automatically deducted. By completing Form SE accurately, self-employed individuals meet their tax obligations and contribute to their future Social Security and Medicare benefits.