Do I Have to Pay Social Security Tax on My Side Gig? If you earn $400 or more annually from self-employment ... use primary sources to support their work. These include white papers, government ...

No. Self-employment taxes only consist of the 15.3% tax for Social Security and Medicare you need to pay if you own a business or do freelance or contract work. Self-employed people pay income ...

With this year's tax filing deadline quickly approaching, it's important for self-employed individuals to get a clear sense ...

You might be able to avoid paying estimated taxes if you work a W-2 job and have ... This lowers your net earnings, to which self-employment tax applies. How do I make estimated tax payments?

If you use either service for both work and personal use ... Thus, these contributions do not affect self-employment tax. Note: Contributions to most retirement accounts can be made all the ...

When self-employed, you are typically left picking up the tab on some of the costs your employer otherwise would have covered, including Social Security and Medicare tax, not to mention an office ...