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earnings for the year,” Bettendorf said, “people can report twothirds of their gross earnings from self-employment for social security credit—if two-thirds is $400 or more and not more than$1,600, provided these amounts are not less than their actual net earnings.
“They can get social security credit,” he said, “if their net for the year is under $400 but their gross is $600 or more and they report their self-employment earnings by the optional method.”
Earnings reports and social security contributions should be sent with income tax returns to the Internal Revenue Service by April 15.
THE OPTIONAL method of reporting may be used only by peo
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