Self-employment offers control, freedom and income opportunities that salaried positions may not. Being in charge of your own business decisions also means being responsible for meeting all your own ...

Perhaps you love the flexibility of managing multiple sources of gig income. Here’s how to manage the taxes. Millions of people have diversified the way they earn income by joining the gig economy.

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited ...

Are you eligible for the home office deduction? This guide clarifies the strict IRS rules for self-employed individuals, freelancers, and small business owners.

While there are multiple ways to collect money from clients and customers, one of the best options is PayPal. PayPal makes it possible to accept payments without setting up a merchant account. It’s an ...

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 ...

You can shift to self-employment tax and quarterly estimated payments with these smart tech solutions and strategies.

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 ...

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, ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...