3 ms·
Self employment tax (the equivalent of the employer side in W2 work) does max out at 117k. It's complex, and I think that someone doing sidework would not bene
by loumf 12y ago
Self employment tax (the equivalent of the employer side in W2 work) does max out at 117k.
It's complex, and I think that someone doing sidework would not benefit enough from an scorp to make it worth it. Someone doing it fulltime that makes a lot and can claim low normal wages should look into it.