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.

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, ...

You have to report PayPal income to the IRS. Learn how PayPal tracks your income and how to fill out a PayPal 1099.

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 ...

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 ...

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 ...

Everyone pays both FICA taxes and income taxes. If you’re an employee, your company manages the FICA tax payments for you. The process is more complicated for the self-employed business owner. For ...

Hobby income and expenses aren't reported to the IRS the way business income and expenses are. Here's how to tell what type ...

Navigating the process of filing taxes when you’re self-employed can be intimidating, especially for a first-timer. If you’re not sure how self-employment taxes work or are wondering what ...