When you’re self-employed, you’re responsible for paying both the employer and employee portions of taxes. Here’s how to calculate both. If you’re self-employed – either on a full-time basis or just ...

As a sole proprietor, independent contractor or gig worker, your income from self-employment might come from several sources. The types of self-employment income that you use to determine your gross ...

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 ...

Self-employment offers the perks and benefits of not working for someone else, but often means taking on risks and becoming responsible for providing a valuable product or service, generating income ...

Self-employed people and business owners are responsible for paying self-employment tax, also known as SECA taxes. These federal taxes are assessed as a percentage (15.3%) of your income. The Social ...

The U.S. government has announced record-high tax refunds, with the Earned Income Tax Credit (EITC) offering up to $8,046 for ...

If you’re 54 with $320,000 in your IRA, you’re ahead of the game on the retirement savings front compared to the typical American your age. As of the second quarter of 2025, the average IRA balance ...

In Soroban Capital Partners, the Tax Court analyzed the roles, responsibilities, and capital contributions of three limited partners in a limited partnership and determined that they were limited ...

Forbes contributors publish independent expert analyses and insights. The tactics everyday people use to “FIRE” and pursue their dreams. When inflation rises rapidly, few workers are left unscathed.

Here's how self-employment taxes work. See the table and example for tax rates, income limits for Social Security taxes, and how to calculate what you owe in the 2016 or 2017 tax years. Self-employed ...