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 ...

In Sirius Solutions, the court rejected a participation-based test for self-employment tax, finding that limited liability, and not day-to-day activity, controls who qualifies for the self-employment ...

If you have a side hustle — or are full-time in business for yourself — you might qualify for self-employment tax deductions. These deductions can lower your taxable income, and save a bundle in taxes ...

Residents in three states don't owe self-employment tax if they're a true limited liability partner under the law.

An individual whose net earnings from self-employment as an independent contractor equal $400 or more for the taxable year must pay the self-employment tax. 1 In 2025, an individual who is liable for ...

Self-employed individuals have their own unique opportunities at tax time. Here are some of the most generous tax deductions available to the self-employed.

A prior case already exempted certain partnership income from self-employment taxes in Texas, Louisiana and Mississippi.

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 ...

Last week, the IRS announced “the start of a sweeping, historic effort to restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations and ...

Around 10% of American workers are self-employed, running small businesses and offering services as independent contractors. With the gig economy booming, millions of people are also taking side ...

Comprehensive tax prep with an exceptional user experience ...

We like this tax software for its solid tools for self-employed filers and free federal filing for active military members.