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 ...

To help offset the self-employment taxes, there are quite a few self-employment tax deductions you can take to lower your ...

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?

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 ...

Working with a tax relief service could be a smart way to reduce your tax debt, but you need to know how these companies ...

the issue of self-employment tax is often overlooked and misunderstood. If someone starts their own business, does freelance work or works as an independent contractor, they could be subject to a ...

Michelle is a credit expert, freelance writer and founder of CreditWriter.com. She has over 20 years of experience writing and speaking about credit and money, and focuses on helping families and ...

You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...