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 ...

Deductions, also sometimes called tax write-offs, are eligible expenses that you can deduct on your return to lower the amount of income that gets taxed. There are many valuable self-employment tax ...

Navigating the process of filing taxes when you’re self-employed can be intimidating, especially for a first-timer. If you’re not sure how self-employment taxes work or are wondering what ...

Are you among the many Americans who switched to contractor work or started a side hustle last year? Now it's tax time, and you are unsure if you are doing things the right way. Although every ...

Tax-paying small business owners and self-employed individuals in the United States are one of the most important facets of the nation's economy. The Internal Revenue Service has outlined specific ...

Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been vetted by ...

The 'Great Resignation' was a major talking point in 2021, with many people leaving their jobs for better working environments or work-from-home opportunities. TurboTax Live experts look out for you.

A former Charlotte businessman pleaded guilty in federal court in North Carolina Tuesday to failing to pay more than $2.5 million in employment taxes, according to a U.S. Department of Justice news ...

The Great Resignation may be creating a tax headache for a lot of people. Last year more than 47 million people quit their jobs. In the same year, a record 5.4 million new business applications were ...