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 ...

Kim Porter began her career as a writer and an editor focusing on personal finance in 2010. Since then, her work has been published everywhere from Forbes Advisor to U.S. News & World Report, Fortune, ...

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 ...

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 ...

When you’re self-employed, paying taxes is a little more involved than merely doing your income tax filing once a year as you do when you’re an employee. You’ll need to file the appropriate ...

Are you among the many Americans who switched to contractor work or started a side hustle last year? Now it's tax time, and you are unsure if you are doing things the right way. Although every ...

If you’re self-employed, you already wear many hats—owner, operator, and maybe even accountant. But one critical role you may not think about as often is that of your own payroll department. Unlike ...

If you’re self-employed or earn certain types of income, there’s a good chance you’ll need to pay estimated taxes — and your next payment is due soon. There are four due dates for estimated tax ...

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Julia Carpenter: Here's Your Money Briefing for Tuesday, March 18th. I'm Julia ...