Getting a mortgage is harder when you’re self-employed. That’s because lenders rely heavily on W-2 income and steady paychecks. Instead of pay stubs, you’ll need to show tax returns, bank statements ...
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, ...
Finance Strategists on MSN
Self-employment tax strategies: What you might want to know
Learn how to effectively manage your self-employment tax with our comprehensive guide on strategies and tips for minimizing ...
When filing your taxes with the IRS, listing your profession is even more important for the self-employed. This is one way the IRS determines whether your deductions are legitimate, as well as ...
Self-employed individuals must pay self-employment tax to cover their Social Security and Medicare taxes. The rate for this tax is 12.4% for Social Security and 2.9% for Medicare, for a total of 15.3% ...
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