HI Archives - John R. Dundon II, Enrolled Agent
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HI Tag

19 Nov

Posted at 00:00h in Self Employ, Sole Proprietor

The Self-Employment Contributions Act (SECA) imposes two taxes on self-employed individuals: an old-age survivors and disability insurance tax (OASDI) commonly referred to as Social Security tax, and a hospital insurance or Medicare tax (HI). These SECA taxes apply to net earnings from self-employment above a $400 minimum for the tax...

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