[PDF] 1099 misc box 3 self employment tax

"Other Income" is also known as "Box 3" because it is reported there on the 1099-MISC form. Box 3 income is not subject to self-employment taxes for Social Security and Medicare. Examples of Box 3 earnings include sales bonuses, prizes, and awards from a lawsuit.
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  • Box 1 (Wages, Tips and Other Compensation) represents the amount of compensation taxable for federal income tax purposes while box 3 (Social Security Wages) represents the portion taxable for social security purposes and box 5 (Medicare Wages) represents the portion taxable for Medicare tax purposes.
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Instructions for Forms 1099-MISC and 1099-NEC (Rev. January 2022)

Jan 31 2022 These payments are not subject to self-employment tax and are reportable in box 3 (rather than box 1 of Form 1099-NEC) if all the following ...



Instructions for Forms 1099-MISC and 1099-NEC (Rev. January 2022)

Sep 30 2021 These payments are not subject to self-employment tax and are reportable in box 3 (rather than box 1 of Form 1099-NEC) if all the following ...



Form 1099-MISC (Rev. January 2022)

Form 1099-MISC Amounts shown may be subject to self-employment (SE) tax. ... Box 3. Generally report this amount on the “Other income” line of Schedule ...



2021 Instructions for Forms 1099-MISC and 1099-NEC

Nov 17 2020 These payments are not subject to self-employment tax and are reportable in box 3 (rather than box 1 of Form 1099-NEC) if all the following ...



2017 Instructions for Form 1099-MISC

Oct 20 2016 File Form 1099-MISC



2019 Instructions for Form 1099-MISC

Nov 19 2018 File Form 1099-MISC



2021 Form 1099-MISC

Form 1099-MISC Amounts shown may be subject to self-employment (SE) tax. ... Box 3. Generally report this amount on the “Other income” line of Schedule ...



2018 Instructions for Form 1099-MISC

Oct 12 2017 File Form 1099-MISC



2019 Form 1099-MISC

3 Other income. $. 4 Federal income tax withheld. $. 5 Fishing boat proceeds. $. 6 Medical and health care payments. $. 7 Nonemployee compensation.



2016 Instructions for Form 1099-MISC

Dec 30 2015 File Form 1099-MISC