AI-driven changes in work threaten employment taxes, vital for funding social security programs and comprising a significant ...

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 ...

Self-employed entrepreneurs often leave money on the table for reasons that have little to do with how hard they work and ...

Tax-paying small business owners and self-employed individuals in the United States are one of the most important facets of the nation's economy. The Internal Revenue Service has outlined specific ...

Self-employed workers need to pay Social Security taxes. But those workers also have access to several deductions. Many, or all, of the products featured on this page are from our advertising partners ...

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

Being self-employed offers incredible freedoms and opportunities, but it also comes with unique financial responsibilities. One of the most important rules for financial success is paying Uncle Sam ...

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 ...

The Great Resignation may be creating a tax headache for a lot of people. Last year more than 47 million people quit their jobs. In the same year, a record 5.4 million new business applications were ...

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, ...