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The SE tax is already included in your tax due or reduced your refund. It is on the 1040 Schedule 2 line 4 which goes to 1040 line 15. The SE tax is in addition to your regular income tax on the net profit. You do get to take off the 50% ER portion of the SE tax as an adjustment on 1040 Schedule 1 line 14 which flows to 1040 line 8a.

If you dont have exact answers, we can still give you a ballpark estimate of your refund. Well use the information you enter and your information from the previous tax year to calculate your approximate federal refund amount. You can also estimate your refund at any time with TaxCaster, whether youre a new or returning TurboTax customer.

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