Self-employment tax is calculated using Schedule SE from IRS Form 1040 or Form 1040-SR. You don’t need to pay self-employment tax if your net annual earnings from self-employment are less than $ ...

To apply for disability benefits using Form SSA-16, you can choose from several options: apply online, call the Social Security Administration's toll-free number at 1-800-772-1213 ...

This tax reporting change will be implemented in phases. It could be delayed again, but freelancers should plan ahead.

Of course, self-employment isn’t for everyone. Some respondents said they struggle with unpredictable income and the lack of benefits. That said, 58% of independents said they planned to ...

Does anybody understand the nuance between self emploment and freelancing?  Box 17 of the Tax Return allows for Freelance Income to be reported ...

The Commissionerate of Rehabilitation and Welfare of Non-Resident Tamils has instructed Collectors (of districts where Sri Lankan Tamil camps are located) to form district-level committees to identify ...

The TCJA was the largest overhaul of the tax code in three decades, with massive changes for both individual and business ...

The Social Security tax applies on income up to $160,200 in 2023. While a W-2 form is used to report wages for employees, a 1099 form is generally used to report self-employment income. If you’ve made ...

These are used to calculate the tax due on specific types of income, such as capital gains, dividends, or self-employment income and losses. Not all taxpayers need to fill out these forms.

We rate the best tax software solutions — from budget-friendly options for straightforward returns to feature-rich platforms ...