If you're self-employed, you pay Social Security through SE tax. Learn how it works, how much you pay, and how it affects ...

Here are 15 big self-employment tax deductions and tax benefits that could slash tax bills for freelancers, contractors and other people who work for themselves.

Self-employment comes in many forms. Independent contractors—also known as freelancers or gig-economy workers, depending on the situation—are people who are paid to do specific jobs.

As a self-employed worker, you can also deduct the employer portion of the self-employment tax — 7.65% of your net earnings — from your gross income to arrive at your adjusted gross income (AGI).

Self-Employment vs. Independent Contractor. ... Self-employed people can form other forms of business, such as limited partnerships, limited liability companies and corporations, ...

Choosing to become a self-employed tradesperson is a bold and rewarding step. Whether you’re a plumber, electrician, carpenter or general builder, working for yourself offers freedom, ...

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 ...