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Can the 15% self-employment tax be waived/reduced on services for non-profit clients?
i've been providing graphic design services to a 501c3 nonprofit NGO for the last year for a standard monthly fee. When i need to file taxes in April is there a way to reduce/waive the %15 self employment taxes?
They were my only client and i have been volunteering for them in other areas. But i charge for the graphic service.
Thank you
2 Answers
- Anonymous1 decade agoFavorite Answer
NO.
You pay it on your self employment PROFITS if the total profit for the year from ALL self employment businesses together are $400 or more. It sucks. That's why so many people cheat on their taxes.
- Lisa ALv 71 decade ago
No. They paid you, and therefore you owe the taxes on what you were paid. The only way to avoid the taxes is to avoid the income. You wouldn't owe the taxes if you were not charging them.
