For 1099 contractors & freelancers
Partly. Half of your self-employment tax is deductible, but as an adjustment to income, not on Schedule C.
Schedule 1 (Form 1040), line 15, figured on Schedule SE.
Self-employment tax is 15.3% (Social Security and Medicare) on most of your net self-employment earnings. Half of it is deductible when figuring your income tax.
The deduction lowers your income tax, not the self-employment tax itself, and it doesn’t change your Schedule C profit.
Tax software and Schedule SE calculate it automatically from your Schedule C profit.
Your Schedule C and Schedule SE.
Sources
General information, not tax advice. For your specific situation, check with a CPA or Enrolled Agent.