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, ...

One often overlooked option among many new entrepreneurs is a health savings account (HSA). An HSA is a tax-advantaged ...

If you made money last year from a side hustle or gig work, tax time can feel stressful and confusing. We're here to help. Self-employment taxes are the Social Security and Medicare taxes individuals ...

According to a 2024 survey by SCORE, a nonprofit organization that provides mentorship to small business owners, "34% of ...

If you have a side hustle — or are full-time in business for yourself — you might qualify for self-employment tax deductions. These deductions can lower your taxable income, and save a bundle in taxes ...

The prospect of earning money on your own terms can be exciting, but many freelancers underestimate their tax liabilities. Laurice Wardini, a freelance writer and the co-founder of ClothedUp, says, “I ...

As someone who’s been self-employed for two decades, saving for retirement is a challenge. I set up my own retirement accounts a long time ago, in addition to college savings and an emergency fund.

From Missed Payments to IRS Notices, Clear Start Tax Helps Freelancers and Small Business Owners Resolve Back Tax Issues and Avoid Costly Penalties IRVINE, CALIFORNIA / ACCESS Newswire / April 11, ...

Second Sunday Series – Editor’s Note: This is the eleventh of 12 columns on work and disability appearing over 12 months — one on each second Sunday of the month, from September through August.