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Federal Free Printable 2020 Schedule SE (Form 1040) for 2021 Federal Self-Employment Tax

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Self-Employment Tax
2020 Schedule SE (Form 1040)

SCHEDULE SE Department of the Treasury Internal Revenue Service (99) ▶ 2020 Go to www.irs.gov/ScheduleSE for instructions and the latest information. ▶ Attach to Form 1040, 1040-SR, or 1040-NR. Name of person with self-employment income (as shown on Form 1040, 1040-SR, or 1040-NR) Part I OMB No. 1545-0074 Self-Employment Tax (Form 1040) Attachment Sequence No. 17 Social security number of person with self-employment income ▶ Self-Employment Tax Note: If your only income subject to self-employment tax is church employee income, see instructions for how to report your income and the definition of church employee income. If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but you had A $400 or more of other net earnings from self-employment, check here and continue with Part I . . . . . . . . ▶ Skip lines 1a and 1b if you use the farm optional method in Part II. See instructions. 1a Net farm profit or (loss) from Schedule F, line 34, and farm partnerships, Schedule K-1 (Form 1065), 1a box 14, code A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b If you received social security retirement or disability benefits, enter the amount of Conservation Reserve Program payments included on Schedule F, line 4b, or listed on Schedule K-1 (Form 1065), box 20, code AH 1b ( ) Skip line 2 if you use the nonfarm optional method in Part II. See instructions. 2 Net profit or (loss) from Schedule C, line 31; and Schedule K-1 (Form 1065), box 14, code A (other than 2 farming). See instructions for other income to report or if you are a minister or member of a religious order 3 Combine lines 1a, 1b, and 2 . . . . . . . . . . . . . . . . . . . . . . . . . 3 4a If line 3 is more than zero, multiply line 3 by 92.35% (0.9235). Otherwise, enter amount from line 3 . 4a Note: If line 4a is less than $400 due to Conservation Reserve Program payments on line 1b, see instructions. b If you elect one or both of the optional methods, enter the total of lines 15 and 17 here . . . . . 4b c Combine lines 4a and 4b. If less than $400, stop; you don’t owe self-employment tax. Exception: If less than $400 and you had church employee income, enter -0- and continue . . . . . . . ▶ 4c 5a Enter your church employee income from Form W-2. See instructions for definition of church employee income . . . . . . . . . . . . . 5a b Multiply line 5a by 92.35% (0.9235). If less than $100, enter -0- . . . . . . . . . . . . . 5b 6 Add lines 4c and 5b . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Maximum amount of combined wages and self-employment earnings subject to social security tax or 137,700 the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2020 . . . . . . . . . . . 7 8a Total social security wages and tips (total of boxes 3 and 7 on Form(s) W-2) and railroad retirement (tier 1) compensation. If $137,700 or more, skip lines 8b through 10, and go to line 11 . . . . . . . . . . . . . . . 8a b Unreported tips subject to social security tax from Form 4137, line 10 . . . 8b c Wages subject to social security tax from Form 8919, line 10 . . . . . . 8c d Add lines 8a, 8b, and 8c . . . . . . . . . . . . . . . . . . . . . . . . . . 8d 9 Subtract line 8d from line 7. If zero or less, enter -0- here and on line 10 and go to line 11 . . . ▶ 9 10 Multiply the smaller of line 6 or line 9 by 12.4% (0.124) . . . . . . . . . . . . . . . . 10 11 Multiply line 6 by 2.9% (0.029) . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Self-employment tax. Add lines 10 and 11. Enter here and on Schedule 2 (Form 1040), line 4 . . 12 13 Deduction for one-half of self-employment tax. Multiply line 12 by 50% (0.50). Enter here and on Schedule 1 (Form 1040), line 14 . . . . . . . . . . . . . . . . . . . . . . . . 13 Part II Optional Methods To Figure Net Earnings (see instructions) Farm Optional Method. You may use this method only if (a) your gross farm income1 wasn’t more than $8,460, or (b) your net farm profits2 were less than $6,107. 14 Maximum income for optional methods . . . . . . . . . . . . . . . . . . . . . 15 Enter the smaller of: two-thirds (2/3) of gross farm income1 (not less than zero) or $5,640. Also, include this amount on line 4b above . . . . . . . . . . . . . . . . . . . . . . . . Nonfarm Optional Method. You may use this method only if (a) your net nonfarm profits3 were less than $6,107 and also less than 72.189% of your gross nonfarm income,4 and (b) you had net earnings from self-employment of at least $400 in 2 of the prior 3 years. Caution: You may use this method no more than five times. 16 Subtract line 15 from line 14 . . . . . . . . . . . . . . . . . . . . . . . . . 17 Enter the smaller of: two-thirds (2/3) of gross nonfarm income4 (not less than zero) or the amount on line 16. Also, include this amount on line 4b above . . . . . . . . . . . . . . . . . 1 From Sch. F, line 9; and Sch. K-1 (Form 1065), box 14, code B. 2 From Sch. F, line 34; and Sch. K-1 (Form 1065), box 14, code A—minus the amount you would have entered on line 1b had you not used the optional method. For Paperwork Reduction Act Notice, see your tax return instructions. 14 5,640 15 16 17 3 From Sch. C, line 31; and Sch. K-1 (Form 1065), box 14, code A. 4 From Sch. C, line 7; and Sch. K-1 (Form 1065), box 14, code C. Cat. No. 11358Z Schedule SE (Form 1040) 2020 Schedule SE (Form 1040) 2020 Part III Page 2 Attachment Sequence No. 17 Maximum Deferral of Self-Employment Tax Payments If line 4c is zero, skip lines 18 through 20, and enter -0- on line 21. 18 Enter the portion of line 3 that can be attributed to March 27, 2020, through December 31, 2020 . . 19 If line 18 is more than zero, multiply line 18 by 92.35% (0.9235); otherwise, enter the amount from line 18 20 Enter the portion of lines 15 and 17 that can be attributed to March 27, 2020, through December 31, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Combine lines 19 and 20 . . . . . . . . . . . . . . . . . . . . . . . . . . If line 5b is zero, skip line 22 and enter -0- on line 23. 22 Enter the portion of line 5a that can be attributed to March 27, 2020, through December 31, 2020 . . 23 Multiply line 22 by 92.35% (0.9235) . . . . . . . . . . . . . . . . . . . . . . 24 Add lines 21 and 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Enter the smaller of line 9 or line 24 . . . . . . . . . . . . . . . . . . . . . . 26 Multiply line 25 by 6.2% (0.062). Enter here and see the instructions for line 12e of Schedule 3 (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 20 21 22 23 24 25 26 Schedule SE (Form 1040) 2020
Extracted from PDF file 2020-federal-1040-schedule-se.pdf, last modified November 2020

More about the Federal 1040 (Schedule SE) Individual Income Tax TY 2020

Taxpayers who have received $400 or more in income from a Schedule C business or self-employment must file Schedule SE to determine their self-employment tax liability. Self employment tax encompasses both the employer and employee halves of the social security and medicare taxes, both of which must be paid by self-employed individuals.

We last updated the Self-Employment Tax in January 2021, so this is the latest version of 1040 (Schedule SE), fully updated for tax year 2020. You can download or print current or past-year PDFs of 1040 (Schedule SE) directly from TaxFormFinder. You can print other Federal tax forms here.

Related Federal Individual Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal 1040 (Schedule SE).

Form Code Form Name
1040 (Schedule B) Interest and Ordinary Dividends
1040 (Schedule A) Itemized Deductions
1040 (Schedule R) Credit for the Elderly or the Disabled
1040 (Schedule C) Profit or Loss from Business (Sole Proprietorship)
1040 (Schedule E) Supplemental Income and Loss
1040 (Schedule EIC) Earned Income Tax Credit
1040 (Schedule 8812) Child Tax Credit
1040 (Schedule C-EZ) Net Profit from Business (Sole Proprietorship)
1040 (Schedule D) Capital Gains and Losses
1040 (Schedule F) Profit or Loss From Farming

Download all  tax forms View all 775 Federal Income Tax Forms


Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal 1040 (Schedule SE) from the Internal Revenue Service in January 2021.

Show Sources >

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Federal 1040 (Schedule SE)

We have a total of ten past-year versions of 1040 (Schedule SE) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 1040 (Schedule SE)

2020 Schedule SE (Form 1040)

2019 1040 (Schedule SE)

2019 Schedule SE (Form 1040 or 1040-SR)

2018 1040 (Schedule SE)

2018 Schedule SE (Form 1040)

2017 1040 (Schedule SE)

2017 Schedule SE (Form 1040)

2016 1040 (Schedule SE)

2016 Schedule SE (Form 1040)

Self-Employment Tax 2015 1040 (Schedule SE)

2015 Schedule SE (Form 1040)

Self-Employment Tax 2014 1040 (Schedule SE)

2014 Schedule SE (Form 1040)

Self-Employment Tax 2013 1040 (Schedule SE)

2013 Schedule SE (Form 1040)

Self-Employment Tax 2012 1040 (Schedule SE)

2012 Schedule SE (Form 1040)

Self-Employment Tax 2011 1040 (Schedule SE)

2011 Schedule SE (Form 1040)


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