Yes, self-employed individuals can deduct a portion of their Social Security and Medicare taxes when calculating their self-employment tax. According to Section 164(f) [https://www.law.cornell.edu/uscode/text/26/164#f] of the Internal Revenue Code, self-employed individuals can deduct an amount equal to the employer’s share of the Social Security and Medicare taxes. For 2025, the deductible portion is 7.65% (6.2% for Social Security and 1.45% for Medicare) of the self-employment income, up to the Social Security wage base limit of $160,200.
A