Babayface1
Level 2
02-17-2024
02:19 PM
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This option is mostly used by taxpayers who do not have any SE income on their tax return during the year. They may want to pay minimum SE tax to meet the requirements needed for retirement and disability benefits. There is a minimum of 40 Quarters needed for retirement benefit and 10 quarter for disability benefits. Your client has W2 wages where SE taxes are already paid. Maybe no need for it.