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 ...

Self-employed workers will see their tax bills drop by hundreds of pounds from next year following changes announced in the Autumn Statement. Jeremy Hunt, the Chancellor of the Exchequer, revealed he ...

If you made money last year from a side hustle or gig work, tax time can feel stressful and confusing. We're here to help. Self-employment taxes are the Social Security and Medicare taxes individuals ...

For these borrowers, the program evaluates actual cash flow rather than tax-restricted paperwork—offering a smarter route to approval. Tax returns often understate self-employed income because of ...

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See ...

Self-employed workers need to pay Social Security taxes. But those workers also have access to several deductions. Many, or all, of the products featured on this page are from our advertising partners ...

Tax season is just around the corner. For freelancers and self-employed professionals, the mere thought of preparing feels ...

Bank statement loans are expanding mortgage options for self-employed buyers and homeowners, offering flexible income qualification as interest rates move closer to 2025 lows.