Self-employed individuals must pay self-employment tax to cover their Social Security and Medicare taxes. The rate for this tax is 12.4% for Social Security and 2.9% for Medicare, for a total of 15.3% ...

Working for yourself can be very fulfilling, but it requires attention to detail — especially when it comes to your taxes. The tax challenges of self-employment make it even more important that you ...

You don't need to itemize to save on taxes in 2026. These 13 overlooked deductions and adjustments can lower your taxable ...

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 how much of your income is considered during ...

While some overlap with those available to regular workers, self-employed individuals also have their own unique deductions. It’s important to note that the IRS definition of “self-employment” is ...

Are you self-employed and wondering how to maximize your tax deductions for the 2022 tax year? Here’s a look at 15 of the best tax write-offs you don’t want to miss: — Qualified business income. — ...

We’re deep into tax season and Yahoo Finance is answering your tax questions as we reach the April 15 deadline. For taxpayers who are self-employed, taxes can be challenging, especially when it comes ...

As a self-employed person, you probably watched the development of the Tax Cuts and Jobs Act (TCJA) with some trepidation. The tax code is not often kind to the self-employed, nor are most of the ...

One of the best things about being self-employed is that you are entitled to a whole host of boss-less independence, flexible scheduling and most importantly, tax deductions. While some overlap with ...