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taxmap/instr/i1040sse-000.htm#TXMP493c1768 Self-Employment Tax

2006

Use Schedule SE (Form 1040) to figure the tax due on net earnings from self-employment. The Social Security Administration uses the information from Schedule SE to figure your benefits under the social security program. This tax applies no matter how old you are and even if you are already getting social security or Medicare benefits.

taxmap/instr/i1040sse-000.htm#TXMP15d262af Additional information.

See Pub. 225 or Pub. 334.

taxmap/instr/i1040sse-000.htm#TXMP2f584229 What's New

• For 2006, the maximum amount of self-employment income subject to social security tax is $94,200.
• If you are a debtor in a chapter 11 bankruptcy case, you must pay self-employment tax on your net earnings from self-employment, even though the bankruptcy estate pays the income tax on your net profit. See Chapter 11 Bankruptcy Cases on page SE-2.

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