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 ...

With the gig economy booming, more and more people are taking side hustles and weekend jobs to earn extra money — some are even opting to make the leap into full-time self-employment. But when you ...

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 ...

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, ...

Anyone who starts their own business eventually needs to learn how to file taxes as a self-employed worker. The alternative, not filing taxes and seeing your back taxes bill balloon over the years, ...

If you run a business, calculating your tax rate is part of your daily grind. How much of your receipts go to the state as sales tax? How much of your company's income goes to state and federal taxes?

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 ...

Working for yourself means you're responsible for your own retirement. However, you still must contribute to the federal Social Security system for your retirement, regardless of your own private ...

— 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. — ...