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 ...

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

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 ...

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

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

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 ...

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 ...