Your adjusted gross income is more complicated because self-employed individuals receive certain income tax deductions not available to standard employees. Your adjusted gross income equals your total ...

The way your income is taxed differs based on whether it’s considered earned or unearned . Read on to learn more.

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, ...

Learn how to effectively manage your self-employment tax with our comprehensive guide on strategies and tips for minimizing ...

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 ...

If all or part of your income is from self-employment, here's how to determine your tax bill. If you earn income from self-employment -- such as from a small business you own, consulting you do, or ...

The great thing about working for someone else is that it saves you time on tax prep. Your taxable income, Social Security and Medicare taxes are all figured out on your federal W-2 form. Figuring out ...

If you drive for a ride-hailing app, work a side gig or otherwise own a small business, you may have to pay self-employment taxes. These are based on your net earnings, which is your income minus ...