With this year's tax filing deadline quickly approaching, it's important for self-employed individuals to get a clear sense ...

If you have a side hustle — or are full-time in business for yourself — you might qualify for self-employment tax deductions.

Those extra expenses make claiming any available tax deductions all the more important. Here are five you should be sure not to overlook. If you are a self-employed person who works out of your ...

NEXT explains that if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 ...

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 ...

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Part of the 2017 Tax Cuts and Jobs Act (TCJA), the QBI deduction allows eligible self-employed taxpayers and small business owners to deduct up to 20% of qualifying business income on their ...

Tax write-offs for self-employed individuals You ... Determining the tax deduction requires some math; the IRS provides a worksheet online. Traditional employees and their employers pay taxes ...

But those looking to better understand the finer points of how the estimation process works can use IRS form 1040ES, along with the accompanying instructions and the estimated tax worksheet.

As a self-employed taxpayer, you can write off expenses and take certain deductions against that income to help reduce your tax liability. However, it is very important to hold on to all receipts ...