When you’re self-employed, you’re responsible for paying both the employer and employee portions of taxes. Here’s how to calculate both. If you’re self-employed – either on a full-time basis or just ...

If you have a side hustle — or are full-time in business for yourself — you might qualify for self-employment tax deductions. These deductions can lower your taxable income, and save a bundle in taxes ...

Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been vetted by ...

What is self-employment tax? The federal self-employment tax is composed of Social Security and Medicare taxes, which are also known together as the Federal Insurance Contributions Act (FICA). For ...

The calculation of self-employment taxes is based on the net income earned from self-employment activities. This includes any revenue generated from business activities conducted as a sole proprietor, ...

Self-assessment tax returns must be submitted each year by the self-employed and people who owe tax on income they've received. Find out how to complete a tax return for the 2024-25 tax year, and what ...

If you’re self-employed, one way to help avoid higher Social Security and Medicare taxes is to organize your business as an S-corporation. If you’re self-employed, you’ll usually have to pay higher ...

Forget Halloween or the clocks going back, October is an important month when it comes to taxes. There are two key tax dates during October, affecting new landlords or self-employed people and also ...

Call it what you want. The "SETC" payout. The "Self-Employment Tax Credit — the last pandemic program!" The COVID-19 tax break for gig workers and freelancers. "Self-employed?" asks one post on ...

The Tax Court held that the IRS had not conceded a taxpayer’s liability for self-employment tax on freelance writing and memorabilia sales income by sharing information with the Social Security ...

If you have a side hustle — or are full-time in business for yourself — you might qualify for self-employment tax deductions. These deductions can lower how much of your income is considered during ...