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 ...

When you’re self-employed, paying taxes is a little more involved than merely doing your income tax filing once a year as you do when you’re an employee. You’ll need to file the appropriate ...

Self-employment tax strategies refer to various approaches that self-employed individuals can utilize to minimize their tax liability and optimize their financial situation. These strategies aim to ...

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 made money last year from a side hustle or gig work, tax time can feel stressful and confusing. We're here to help. Self-employment taxes are the Social Security and Medicare taxes individuals ...

If you work for yourself, you don’t just pay income tax — you also pay self-employment tax. That’s the part that covers Social Security and Medicare. The upside? The IRS lets you deduct certain ...

There are plenty of perks to self-employment — you can create your own schedule, maintain creative control over your work and more efficiently pursue your passion. However, one downfall is not having ...

If you drive for a ride-hailing app, work a side gig or otherwise own a small business, you may have to pay self-employment taxes. These are based on your net earnings, which is your income minus ...