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  2. 15 Self-Employment Tax Deductions You Should Know - AOL

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    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 ...

  3. 8 Things You Can Do Now to Reduce Your Tax Bill - AOL

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    Non-refundable Tax Credits: These only reduce your taxes owed to $0, with no additional refund for excess amounts. Examples include the saver's credit, lifetime learning credit, adoption credit ...

  4. What Are the Most Generous Tax Deductions for the Self-Employed?

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    As part of the Tax Cuts and Jobs Act of 2017, small businesses, including self-employed individuals, were allowed to write off 20% of their incomes. While this provision is currently slated to ...

  5. Here's how the self-employed can save on taxes and help ... - AOL

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    In 2021, the number of self-employed workers in this country jumped to 14.9 million in the second quarter, after falling to 12.7 million a year earlier, according to a Pew Research Center report.

  6. Get These 12 Tax Moves Done To Increase Your Tax Refund - AOL

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    It might be easier than you think to lower your tax liability. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail. Sign in ...

  7. How Much Is Self-Employment Tax? - AOL

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    The self-employment tax is comprised of two taxes: the Social Security tax and the Medicare tax (also known as the FICA tax). As of the tax year 2023, the FICA tax rate is 15.3% — that’s 12.4% ...

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