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 ...

Starting in 2026, certain workers across the U.S. will face higher Social Security taxes due to adjustments in the program ...

I often get questions from financial advisers who work with self-employed individuals asking if there's a way to minimize payroll taxes, which small-business owners pay at double the rate of employees ...

Probably about 90% of the “pops” in mom and pop businesses get all the Social Security credits – meaning 90% of the “moms” end up with a blank Social Security slate.(jacoblund / Getty ...

Q: Last year, I started working as a self-employed Web page designer. What must I do to get credit for my income with the IRS and Social Security? A: You report your net earnings for Social Security ...

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 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 Tax Court held that the IRS had not conceded a taxpayer’s liability for self-employment tax on freelance writing and memorabilia sales income by sharing information with the Social Security ...

Kemberley Washington is a former staff writer at Forbes Advisor and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental in ...