Self-employment tax is a mix of Social Security and Medicare taxes. Use our calculator to estimate what you owe. Many, or all, of the products featured on this page are from our advertising ...

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

A 1099 form reports non-employment income to the IRS. The IRS uses these forms to verify income reported on your Form 1040, the individual income tax return. Individuals do not complete 1099 forms ...

It should also help you find any deductions that might reduce your tax bill and make sure you complete all necessary forms for an accurate self-employed tax return. Below is a list of our top tax ...

You must report income earned as a gig worker on your tax return even if the income isn’t reported to you and the Internal Revenue Service on an information-return form like a 1099-MISC ...

The self-employment tax rate is 15.3% of income ... To estimate your quarterly payments, you can use the IRS' Form 1040-ES. However, if you don't keep up with your estimated tax payments, you ...

The best tax software depends on what you need. If you want a guided process, TurboTax is a good choice. The key forms for filing self-employment taxes are Schedule SE (Form 1040) to calculate ...