We'll discuss the many tax tactics, such deductions, that independent contractors can employ in this piece. We will also look at how they may benefit from resources like self-employment taxes, ...

Misclassifying W-2 employees as 1099 contractors has severe penalties. Learn the biggest difference between the two types of ...

As year-end approaches, consider these ideas to save more tax for 2024 if you’re self-employed. 1 ... to a refund of premiums paid by filing Form PD24; you’ve got to file this form no later ...

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

If you want to become wealthy, an essential habit you should create is regularly investing a portion of your income in a ...

Form 1040EZ, used previously for simple individual taxes, is no longer valid for tax years 2018 and beyond as a result of the Tax Cuts and Jobs Act. Filing to Report Self-Employment Income Your ...

These earnings were already taxable so this is not a change in tax law, but rather just a reporting change. In order to report these earnings and transactions, you'll need to file Form 1099-K.

Most people receive tax credits to reduce their premiums for health insurance they buy on the ACA marketplace.

I tried the Instacart full-service shopper side hustle for a week and didn’t hate it. I found the level of activity involved ...

For creators who actively engage in selling NFTs, these royalties would usually be included in the total income and reported ...