The Internal Revenue Service (IRS) has released updated Schedule SE tax form and instructions for the tax years 2023 and 2024. TRAVERSE CITY, MI, US, January 12, 2024 ...

Working for yourself can be very fulfilling, but it requires attention to detail — especially when it comes to your taxes. The tax challenges of self-employment make it even more important that you ...

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 ...

Around 10% of American workers are self-employed, running small businesses and offering services as independent contractors. With the gig economy booming, millions of people are also taking side ...

If you’re self-employed, you already wear many hats—owner, operator, and maybe even accountant. But one critical role you may not think about as often is that of your own payroll department. Unlike ...

Estimated taxes. Self-employment taxes. Tax accounts. These are words that quickly enter the vocabulary of people who have been laid off and are making the transition to working for themselves. These ...

Q: Last year, I started working as a self-employed Web page designer. What must I do to get credit for my income with the IRS and Social Security? A: You report your net earnings for Social Security ...

The prospect of earning money on your own terms can be exciting, but many freelancers underestimate their tax liabilities. Laurice Wardini, a freelance writer and the co-founder of ClothedUp, says, “I ...

I recently became self-employed. (Yes, by choice, not by necessity, though maybe many would question my judgment.) Like me, have you also just made this hold-onto-your-shorts leap? If so, you probably ...