Housing Allowance and Wages / SE Tax
(New Rochelle, NY )
On Turbo Tax there is an option to pay SE Tax on Wages alone, housing allowance alone or BOTH wages and housing allowance. Can you just pay SE Tax on wages and not the housing allowanc eand pay the SE Tax later on in the following year? Hope this question makes sense...
Yes...your question makes sense and no...you can't. Sadly, the SE tax on your housing allowance and wages must be paid when you file your taxes for that year.