![]() SE tax applies no matter how old you are and even if you are already receiving social security or Medicare benefits.Īnother purpose of the form is for bona fide residents of Puerto Rico to file in order to claim the ACTC, even if the bona fide resident does not have to pay SE tax. The Social Security Administration (SSA) uses this information to figure your benefits under the social security program. One purpose of the form is to report net earnings from self-employment to the United States and, if necessary, pay SE tax on that income. Residents of Puerto Rico may file Form 1040-PR in place of Form 1040-SS. income tax return but who have self-employment income or are eligible to claim certain credits. Virgin Islands (USVI), Guam, American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), and the Commonwealth of Puerto Rico (Puerto Rico) who are not required to file a U.S. For more information about the credit for qualified sick and family leave wages, go to IRS.gov/PLC. For more information, see the instructions for lines 11a and 11b, later. However, employers that paid qualified sick and family leave wages in 2022 for leave taken after March 31, 2020, and before October 1, 2021, are eligible to claim a credit for qualified sick and family leave wages on their 2022 Form 1040-SS. ![]() ![]() Self-employed individuals can no longer claim a credit for qualified sick and family leave wages. Generally, the credit for qualified sick and family leave wages, as enacted under the Families First Coronavirus Response Act (FFCRA) and amended and extended by the COVID-related Tax Relief Act of 2020, for leave taken after March 31, 2020, and before April 1, 2021, and the credit for qualified sick and family leave wages under sections 3131, 3132, and 3133 of the Internal Revenue Code, as enacted under the American Rescue Plan Act of 2021 (the ARP), for leave taken after March 31, 2021, and before October 1, 2021, have expired. The COVID-19 related credit for qualified sick and family leave wages is limited to leave taken after March 31, 2020, and before October 1, 2021.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |