As people are finding new and different ways to make money, the idea of being self-employed, or possibly just a side hustle, becomes more widespread. Although there are many tax advantages and other ...

Master your self-employment finances with answers to questions about budgeting, planning, and separating funds. Many, or all, of the products featured on this page are from our advertising partners ...

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 ...

Around 10% of American workers are self-employed, running small businesses and offering services as independent contractors. With the gig economy booming, millions of people are also taking side ...

Post pandemic, we’ve seen waves of changes in the workplace - from when we work to where we work with choices like remote vs. hybrid as determining factors within recruiting and retention. We’re also ...

— 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. — ...

Explains how the IRS defines self-employment, including sole proprietors, contractors, partners, and gig workers, and clarifies who must comply with SE tax ...

Navigating the process of filing taxes when you’re self-employed can be intimidating, especially for a first-timer. If you’re not sure how self-employment taxes work or are wondering what ...

Forbes contributors publish independent expert analyses and insights. Caroline Castrillon covers career, entrepreneurship and women at work. Self-employed women have lower rates of obesity, inactivity ...

While Americans are most commonly insured through their employers, you will need to shop for your own individual or family plan if you are self-employed. [1] The Health Insurance Marketplace is ...