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Small Business Owners & Entrepreneurs

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question everything

(50,631 posts)
Sat Dec 8, 2012, 09:10 PM Dec 2012

Does the payroll "holiday" extend to self employed? [View all]

I know that last year, for 2011, self employment tax was 13.3% instead of the regular 15.3%. The same "payroll holiday" of 2% given to employees.

Will the same rule hold for 2012?

Thanks.

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Yes for 2012's taxes. It is set to expire for 2013 though. nt kelly1mm Dec 2012 #1
Thank you very much question everything Dec 2012 #2
off-course it will vary! trishnikolic Dec 2012 #3
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