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 ...
— If you’re self-employed, you’ll need to file taxes throughout the year, typically via quarterly payments. — The self-employment tax is 15.3%, a combination of Social Security and Medicare taxes. — ...
Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...
The final day to file your taxes if you received an extension ahead of the original April 15 "Tax Day" deadline is just six ...
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Independent Contractor Taxes: How to File and Pay
An employer is required to withhold income, Social Security and Medicare tax from their employee’s pay. They also pay half of the employee’s Social Security and Medicare taxes. At the end of the year, ...
Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...
This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Julia Carpenter: Here's Your Money Briefing for Tuesday, March 18th. I'm Julia ...
Filing a tax return is one the the most-hated jobs, but getting it in early can alleviate stress and reduce the risk of fines. We share our step-by-step guide. You might think self-assessment tax ...
Millions of Americans are freelancing. The extra income is great, but many gig workers get a rude awakening come tax season.
This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Julia Carpenter: Here's Your Money Briefing for Tuesday, March 18th. I'm Julia ...
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 estimated tax ...
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