For the 2025 tax year, the 'One Big Beautiful Bill' made several changes to deductions and tax laws. Some of these will ...

Need to file independent contractor taxes? It works differently than for employees. Learn about deductions, filing ...

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, ...

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 ...

Last week, the IRS announced “the start of a sweeping, historic effort to restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations and ...

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 ...

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 ...

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 ...

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 ...

Many settlement agreements don't say anything about tax forms. Yet many defendants issue a Form 1099 to the plaintiff, and a ...

I was reminded this week during a discussion with a SCORE client who is wanting to start up a small business this spring, that while I have been writing about accounting, I haven't mentioned one ...

Residents in three states don't owe self-employment tax if they're a true limited liability partner under the law.