The Social Security retirement and Medicare Hospital Insurance (HI) trust funds are approaching insolvency, with both trust ...

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 ...

CPAs answer a range of your everyday tax questions about tax returns, deductions, personal finances, and more.

Deductions, also sometimes called tax write-offs, are eligible expenses that you can deduct on your return to lower the amount of income that gets taxed. There are many valuable self-employment tax ...

Tax-paying small business owners and self-employed individuals in the United States are one of the most important facets of the nation's economy. The Internal Revenue Service has outlined specific ...

Are you among the many Americans who switched to contractor work or started a side hustle last year? Now it's tax time, and you are unsure if you are doing things the right way. Although every ...

Currently, 68 occupations qualify for the tax break, including bartenders, bakers, roofers, salon workers, and estheticians. However, many workers have questions about how the new system will work in ...

The 'Great Resignation' was a major talking point in 2021, with many people leaving their jobs for better working environments or work-from-home opportunities. TurboTax Live experts look out for you.

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our ...

The Great Resignation may be creating a tax headache for a lot of people. Last year more than 47 million people quit their jobs. In the same year, a record 5.4 million new business applications were ...