Self Employed Contributions Act Tax (SECA Tax)

Self Employed Contributions Act Tax (SECA Tax),

Definition of Self Employed Contributions Act Tax (SECA Tax):

  1. A tax imposed on small business owners to cover their Social Security, Medicare and Old Age Survivors and Disability Insurance. The tax is 15.3% of the net income from self-employment but one half of the SECA tax amount is deductible as a business expense.

Meaning of Self Employed Contributions Act Tax (SECA Tax) & Self Employed Contributions Act Tax (SECA Tax) Definition