The calculation of self-employment taxes is based on the net income earned from self-employment activities. This includes any revenue generated from business activities conducted as a sole proprietor, ...

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 partners ...

Kim Porter began her career as a writer and an editor focusing on personal finance in 2010. Since then, her work has been published everywhere from Forbes Advisor to U.S. News & World Report, Fortune, ...

For self-employed workers and entrepreneurs, understanding tax obligations is crucial, and the Social Security tax is a significant part of this equation. As we delve into 2025, it's important to be ...

Shopping at Louis Vuitton won't get your business a tax deduction, but saving for retirement will. Running your own business (or being self-employed) is a major part of the American Dream and a great ...