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 ...

To help offset the self-employment taxes, there are quite a few self-employment tax deductions you can take to lower your ...

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 ...

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As people are finding new and different ways to make money, the idea of being self-employed, or possibly just a side hustle, becomes more widespread. Although there are many tax advantages and other ...

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 ...

Self-employed or freelance and owe taxes? Learn which IRS tax relief options may help, including payment plans, penalty ...

There were 161 million individual income tax returns filed to the IRS in 2024, possibly including yours. While not every American is required to file a tax return, most will – and there may be good ...