Whether you're a freelancer, gig worker, consultant, or independent contractor, understanding how to file taxes correctly is ...

Millions of people have diversified the way they earn income by joining the gig economy. Being in the gig economy could be a way to help someone meet financial goals, run a small business, have a ...

Self-employed workers must accurately report income to Social Security to secure future benefits, making it essential to ...

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 ...

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 ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. The Good Brigade / Getty Images ...