Federal U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico)

U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico)
2024 Form 1040-SS
Form

1040-SS

U.S. Self-Employment Tax Return

OMB No. 1545-0074

(Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico)

2024

U.S. Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, or Puerto Rico
Department of the Treasury
For the year Jan. 1–Dec. 31, 2024, or other tax year beginning
, 2024, and ending
, 20
Internal Revenue Service
Your first name and initial

Last name

Your social security number

If a joint return, spouse’s first name and initial

Last name

Spouse’s social security number

Home address (number, street, and apt. no., or rural route)
City, town or post office, commonwealth or territory, and ZIP code
Foreign country name

Foreign province/state/county

Foreign postal code

At any time during 2024, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise
Yes
No
dispose of a digital asset (or a financial interest in a digital asset)? (See instructions) . . . . . . . . . . . .

Part I
1

2

Total Tax and Credits (see instructions)

Filing status. Check the box for your filing status.
Single
Married filing jointly
Married filing separately (MFS)
Head of household
Qualifying surviving spouse
If you checked the MFS box, enter spouse’s social security no. above and full name here:
Qualifying children. Complete only if you are a bona fide resident of Puerto Rico and you are claiming the additional child tax
credit. If more than four qualifying children, see instructions and check here . . . . . . . . . . . . . . . .
(a) First name
Last name
(b) Child’s social security number
(c) Child’s relationship to you

3

Self-employment tax from Schedule SE (Form 1040), line 12. Attach Schedule
SE (Form 1040) and applicable schedules . . . . . . . . . . . .
3
4
Household employment taxes. Attach Schedule H (Form 1040) . . . . .
4
5
Additional Medicare Tax. Attach Form 8959 . . . . . . . . . . .
5
6
Other taxes . . . . . . . . . . . . . . . . . . . . . .
6
7
Total tax. Add lines 3 through 6 . . . . . . . . . . . . . . . . . . .
8
2024 estimated tax payments . . . . . . . . . . . . . . . .
8
9
Excess social security tax withheld . . . . . . . . . . . . . .
9
10
Additional child tax credit from Part II, line 19 . . . . . . . . . . .
10
11a Additional Medicare Tax withheld. Attach Form 8959 . . . . . . . .
11a
b Amount paid with request for extension of time to file . . . . . . . .
11b
12
Total payments and credits. Add lines 8 through 11b . . . . . . . . . . . .
13
If line 12 is more than line 7, subtract line 7 from line 12. This is the amount you overpaid
14a Amount of line 13 you want refunded to you. If Form 8888 is attached, check here . .
b Routing number
c Type:
Checking
d Account number
15
15
Amount of line 13 you want applied to 2025 estimated tax . . . . . .
16
Amount you owe. If line 7 is more than line 12, subtract line 12 from line 7 . . . . .

Third Party
Designee

Sign
Here
Joint return?
See instructions.
Keep a copy
for your records.

Paid
Preparer
Use Only

Do you want to allow another person to discuss this return with the IRS? See instructions.

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. . .
. . .
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Savings

12
13
14a

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16

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7

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Yes. Complete the following.

No

Designee’s
Phone
Personal identification
name
no.
number (PIN)
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief,
they are true, correct, and complete. Declaration of preparer (other than the taxpayer) is based on all information of which the preparer has any knowledge.
Your signature
Date
If the IRS sent you an Identity Protection PIN,
Daytime phone number
enter it here
(see instructions)
If the IRS sent your spouse an Identity Protection
Spouse’s signature. If a joint return, both must sign.
Date
PIN, enter it here
(see instructions)
Preparer’s name
Preparer’s signature
Date
Check
if PTIN
self-employed
Firm’s name

Firm’s EIN

Firm’s address

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice,
see instructions.

Phone no.
www.irs.gov/Form1040SS

Cat. No. 17184B

Form 1040-SS (2024)

Page 2

Form 1040-SS (2024)

Part II
1

2
3
4

5

Bona Fide Residents of Puerto Rico Claiming Additional Child Tax Credit (see instructions)

Do you have one or more qualifying children under age 17 with the required social security number?
No. Stop. You can’t claim the credit.
Yes. Go to line 2.
Number of qualifying children under age 17 with the required social security number:
x $1,700 . . . . . . . . . . . . . . . . . . . . . . . .
Enter your modified adjusted gross income . . . . . . . . . . . .
3
Enter the amount shown below for your filing status . . . . . . . . .
4
• Married filing jointly – $400,000
• All other filing statuses – $200,000
Is the amount on line 3 more than the amount on line 4?
No. Leave line 5 blank. Enter the amount from line 2 on line 11, and go to
line 12.

Yes. Subtract line 4 from line 3. If the result isn’t a multiple of $1,000,
increase it to the next multiple of $1,000 (for example, increase $425 to
$1,000, increase $1,025 to $2,000, etc.)
. . . . . . . . . . .
5
6
Multiply the amount on line 5 by 5% (0.05) . . . . . . . . . . . . . . .
7
Number of qualifying children from line 2 x $2,000 . . . . . . . . .
7
8
Number of other dependents, including children who are not under age 17:
x $500. See instructions . . . . . . . . . . .
8
9
Add lines 7 and 8 . . . . . . . . . . . . . . . . . . . .
9
10
Is the amount on line 9 more than the amount on line 6?
No. Stop. You can’t claim the credit.
Yes. Subtract line 6 from line 9 . . . . . . . . . . . . . . . . .
11
Enter the smaller of line 2 or line 10 . . . . . . . . . . . . . . . . .
12a Enter one-half of self-employment tax from Part I, line 3 . . . . . . .
12a
b Enter one-half of the Additional Medicare Tax on self-employment income
from Form 8959, line 13 . . . . . . . . . . . . . . . . . .
12b
c Add lines 12a and 12b . . . . . . . . . . . . . . . . . . .
12c

2

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6

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10
11

Enter the amount, if any, of withheld social security, Medicare, and Additional
Medicare taxes from Puerto Rico Form(s) 499R-2/W-2PR (attach copy of
13a
form(s)). If married filing jointly, include your spouse’s amounts with yours .
b Enter the amount reported on Part I, line 6, if any, of employee social security
and Medicare tax on tips not reported to employer from Form 4137 . . . .
13b
c Enter the amount reported on Part I, line 6, if any, of uncollected employee
social security and Medicare tax on wages from Form 8919 . . . . . .
13c
d Enter the amount reported on Part I, line 6, if any, of uncollected employee
13d
social security tax and Medicare tax on tips and group-term life insurance .
e Enter the amount, if any, of Additional Medicare Tax on Medicare wages from
13e
Form 8959, line 7 . . . . . . . . . . . . . . . . . . . .
f Add lines 13a through 13e . . . . . . . . . . . . . . . . .
13f
14
Add lines 12c and 13f . . . . . . . . . . . . . . . . . . .
14
15
Enter the amount, if any, of Additional Medicare Tax withheld from Form 8959,
line 22 . . . . . . . . . . . . . . . . . . . . . . . .
15
16
Subtract line 15 from line 14
. . . . . . . . . . . . . . . .
16
17
Enter the amount, if any, from Part I, line 9 . . . . . . . . . . . .
17
18
Is the amount on line 16 more than the amount on line 17?
No. Stop. You can’t claim the credit.
Yes. Subtract line 17 from line 16
. . . . . . . . . . . . . . . . . .
19
Additional child tax credit. Enter the smaller of line 11 or line 18 here and on Part I, line 10

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18
19

13a

Form 1040-SS (2024)