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The current self-employment tax rate is 12.4% for Social Security, which is your old-age, survivors and disability insurance, and 2.9% for Medicare, which is your hospital insurance. These taxes ...
When you're self-employed, paying taxes is a little more involved than merely doing your income tax filing once a year as you do when you're an employee. You'll need to file the appropriate...
Here are a few of the most common self-employment tax deductions: 1. Self-Employment Tax Deduction. If you’re self-employed, you will end up paying more Social Security and Medicare tax than an ...
If you're self-employed, you must file quarterly taxes every few months. These are your estimated tax payments, making up for the fact that you don't have an employer to withhold your taxes over ...
If this is your first time doing taxes, the process can seem a bit daunting. Whether you're a recent college graduate or you just took your first job, it's natural to be concerned about how to do ...
Self-employment has different tax concerns from working as an employee on a payroll. Here's a guide to what that might mean for you and how TurboTax can help you to stay on track.