Tax Information

1. Report UN taxable earnings (total amount from Statement of Taxable Earnings) on Line 1a, page 1 of IRS Form 1040.

Self-Employment Tax contains Social Security Tax and Medicare Tax. Employee’s portion of Social Security Tax for 2023 was 6.2%. The maximum wages and earnings subject to social security tax is $ 160,200 for 2023 and it increases to $ 168,600 for 2024.

The Electronic Federal Tax Payment System (EFTPS) tax payment service is provided free by the U.S. Department of the Treasury. After you've enrolled and received your credentials, you can pay any tax due to the Internal Revenue Service (IRS) using this system. 

The Income Tax Unit can send your U.N. estimated tax advance payments via electronic funds transfer (EFT) to both IRS and NY State if you enroll yourself with the EFTPS.