2025 Instructions for Form 1040-SS U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico)
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Narrated by:
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Bryce M. Carter
About this listen
2025 Instructions for Form 1040-SS: U.S. Self-Employment Tax Return provides guidance for individuals, primarily bona fide residents of Puerto Rico and certain U.S. territories, on how to report and pay self-employment tax for the 2025 tax year. This form is used by taxpayers who are not required to file a standard Form 1040 but must report income from self-employment.
The instructions explain how to calculate net earnings from self-employment, determine Social Security and Medicare taxes owed, and report business income accurately. They also include guidance on claiming the Additional Child Tax Credit (ACTC) for eligible residents of Puerto Rico, along with filing requirements, deadlines, and payment methods.
Overall, the instructions help taxpayers in U.S. territories properly report self-employment income, calculate taxes, claim eligible credits, and comply with IRS requirements for the 2025 tax year.
©2026 Jennifer Atherton (P)2026 Jennifer Atherton