If you have a side hustle — or are full-time in business for yourself — you might qualify for self-employment tax deductions.

The calculation of self-employment taxes is based on the net income earned from self-employment activities. This includes any revenue generated from business activities conducted as a sole proprietor, ...

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 ...

Navigating the shift from employment to self-employment requires careful planning, dedication and a willingness to embrace the entrepreneurial spirit. By strategically approaching this transition, ...

Figuring out the most effective way to save for retirement can be confusing for anyone, but for the self-employed, the challenge is often amplified. Without the options that traditional employers ...

### How to claim the Self-Employment Tax Credit? Previously, people needed to get in touch with a personal CPA to help them claim. However, some companies have now made the claim process incredibly ...

With many available options, the best tax approach will be comprehensive and proactive, but you can’t do it alone. You’ll need to enlist the guidance of a knowledgeable tax professional to proceed ...

Self-employed borrowers need additional documentation, such as bank statements or tax returns, to prove income stability.

While many are familiar with Medicare coverage, understanding Medicare tax, which involves everything from mandatory payroll deductions to additional taxes for high earners, is important for all ...