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’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. — ...

Quarterly estimated tax payments apply to individuals and businesses whose income is not fully covered by withholding.

Do I need to file a tax return? It depends on your income, filing status and tax situation. Find out how much you need to make to file taxes in 2025.

Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...

The final day to file your taxes if you received an extension ahead of the original April 15 "Tax Day" deadline is just six ...

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Julia Carpenter: Here's Your Money Briefing for Tuesday, March 18th. I'm Julia ...

Millions of Americans are freelancing. The extra income is great, but many gig workers get a rude awakening come tax season.

You might think self-assessment tax returns are only for the self-employed, landlords and high-net-worth individuals, but more people than ever have had to complete one in recent years. Fiscal drag is ...

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Julia Carpenter: Here's Your Money Briefing for Tuesday, March 18th. I'm Julia ...