Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to substantial savings this tax year.

Self-employment offers control, freedom and income opportunities that salaried positions may not. Being in charge of your own business decisions also means being responsible for meeting all your own ...

If you rely on other people to hire you on a per project basis, you operate on a freelance basis, and you are generally free to accept other assignments and are not limited to doing work for a single ...

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 ...

Kim Porter began her career as a writer and an editor focusing on personal finance in 2010. Since then, her work has been published everywhere from Forbes Advisor to U.S. News & World Report, Fortune, ...

If you’re self-employed, you'll need to file taxes throughout the year, typically via quarterly payments. The self-employment tax is 15.3%, a combination of Social Security and Medicare taxes. There ...