Here are 15 big self-employment tax deductions and tax benefits that could slash tax bills for freelancers, contractors and other people who work for themselves.

Self-employed people can contribute up to $69,000 for 2024, and that contribution is fully tax-deductible. Self-employment ...

Self-employed people can contribute up to $69,000 for 2024, and that contribution is fully tax-deductible. Self-employment tax is calculated before SEP contributions. Thus, these contributions do ...

For the Wabash Valley’s self-employed workers, failing to keep up with estimated tax payments and deductions can lead to more ...

Here are 15 popular tax deductions you can claim if you’re self-employed, including credit card interest and health insurance premiums.

The court again applies a functional-analysis test, as it had in Renkemeyer and Soroban.

The self-employment tax is made up of the Social Security tax and the Medicare tax. As of 2024, the self-employment tax is 15.3% (12.4% Social Security tax + 2.9% Medicare tax). The tax is applied ...

One tax scam encourages people to create fake W-2 forms. Fake emails impersonate the IRS, state tax agencies, and software companies. Fraud has no season, but scammers know that the days leading ...

For those who are self-employed, the full 2.9% must be paid by the individual, rather than splitting the tax with an employer. This tax toward Medicare is included in the self-employment tax that is ...

TaxSlayer is a subsidiary of Rhodes-Murphy & Co., one of the oldest players in computerized tax preparation services. It's headquartered in Augusta, Georgia, and employs about 200 people year ...

Self-employed: writing down capital allowances The 'writing down allowance' can be used if you've spent more than your annual investment allowance limit on capital assets, or if the item doesn't ...

What are the self-employed income tax rates for 2025-26? When it comes to paying income tax, there aren't any differences in the tax rates you pay compared with employees. You can use our income tax ...