Self-employment tax is a mix of Social Security and Medicare taxes. Use our calculator to estimate what you owe. Many, or all, of the products featured on this page are from our advertising ...

For instance, word of a so-called “self-employment tax credit” (SETC ... but only for limited COVID-19 situations from 2020 ...

For your 2021 taxes, the final quarterly estimated tax ... you may be subject to a penalty. If you earn your self-employment income unevenly during the year, you may be able to use an annualized ...

Calculating the home office deduction using the standard method involves completing IRS Form 8829 to calculate the amount of ...

Self-employed folks enjoy the benefit of being able to deduct almost any costs incurred while earning income from their ...

Promoters are falsely advertising this supposed credit as a way for self-employed individuals ... circumstances in 2020 and ...

Look for these 15 deductions, from home office expenses to self-employment taxes. Consult with a tax professional to ensure you don't miss any deductions for the 2023 tax year. Are you self ...

Self-employment has its perks, but being your own boss can lead to headaches come tax season. In addition to the income tax, you’ll need to pay self-employment taxes that support the Social ...

The good news is that these plans allow self ... self-employed individuals: traditional IRA, SIMPLE IRA, SEP IRA, individual 401(k) and defined-benefit plan. These plans permit pre-tax savings ...