As people are finding new and different ways to make money, the idea of being self-employed, or possibly just a side hustle, becomes more widespread. Although there are many tax advantages and other ...

If you earned any income in 2015 that didn't have payroll and Medicare taxes deducted, you may have to pay an additional tax known as self-employment tax, which unfortunately can take another 15.3% ...

When you’re self-employed, you’re responsible for paying both the employer and employee portions of taxes. Here’s how to calculate both. If you’re self-employed – either on a full-time basis or just ...

Anyone who starts their own business eventually needs to learn how to file taxes as a self-employed worker. The alternative, not filing taxes and seeing your back taxes bill balloon over the years, ...

It is important to determine whether a worker is employed or self-employed, mainly because it affects the way tax payments are calculated. Employment status also determines how employers must pay ...

I have always wanted to run my own business. I blame my dad for this outlook as he was a self-employed builder all his life. He never had a boss, instead of finding his own work using the skills he ...

Master your self-employment finances with answers to questions about budgeting, planning, and separating funds. Many, or all, of the products featured on this page are from our advertising partners ...

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 ...

Entrepreneurship has seldom been as sexy or as accessible as it is now. Not only are high profile entrepreneurs banging the drum for the lifestyle, but a vast swathe of accelerators and incubators ...

The coronavirus pandemic has changed the way many people approach work and has caused numerous people to change professions and reexamine their priorities. Some people may have started their own ...

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 ...