Self-employment tax is a mix of Social Security and Medicare taxes. Use our calculator to estimate what you owe. Many, or all, of the products featured on this page are from our advertising ...

Self-employed individuals earning $400 or more annually from a single source must file taxes, including a 15.3% self-employment tax covering Social Security and Medicare.

Although every situation is unique, it never hurts to review the basics to ensure you're approaching your self-employed taxes correctly. Another new thing for contractors — self-employment tax!

This makes it easier to report and claim deductions come tax time. The self-employment tax In addition to income tax, there is a separate tax self-employed people must pay on net earnings called ...

so won't need to file a tax return. Individuals such as the self-employed or businesses where tax isn't automatically deducted from earnings will typically need to complete a self assessment form.

Millions of business owners and landlords will change the way they report their earnings to HMRC over the next few years, as the government confirmed ...

If youre self employed and based in the UK then completing the annual self assessment tax return is a core part of your business Though it may seem overwhelming preparing properly and understanding wh ...

Listen to a short summary Read by Dana G. Your browser does not support the audio element.Taxes are due on Tuesday, April 15, ...