I'm a new bi-vocational minister. My question(s) is(are) simply: do I have to pay social security and medicare taxes quarterly or can I pay it once a year? Are Social Security taxes and Medicare taxes included in my Federal Taxes that I pay every April? Any info would be great, Thanks,
No, Social Security and Medicare is not automatically included in the federal taxes you pay in April. Depending how you file your underpayment could include income taxes and/or self-employment taxes (Social Security and Medicare).
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