Self employment tax and deduction worksheet instructions 1040

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Enter the amount of Illinois Income Tax you withheld from a household employee. See Publication 121, Illinois Income Tax. Withholding for Household Employees, Information about Schedule SE (Form 1040), Self-Employment Tax, including recent updates, related forms, and instructions on how to file. Schedule SE (Form Allocation Worksheet in the Form IL-1040 Instructions to determine Figure the amount of your Illinois deduction for self-employment tax. Deduction for one-half of self-employment tax. Multiply line 5 by 50% (.50). Enter the result here and on Form 1040, line 27, or Form 1040NR, line 27. 57 Self-employment tax. 58 Unreported social security and Medicare tax from Form: a Worksheet in the instructions to figure the amount to enter.Self-Employment Income Worksheet Instruction | Rev. IRS 1040 forms (2011). Income from When calculating net income, owners must not deduct principal.