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"Freelancer" is synonymous with "self-employed business owner" in the eyes of the IRS (more specifically "sole proprietor"), so you'll be reporting your business income and expenses on a Schedule C and your self-employment tax on a Schedule SE; include both with your Form 1040, the stand...
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The Self-Employment tax is a tax on individuals who are self-employed, which consists of Social Security and Medicare taxes. The Self-Employment Tax covers both the employer and employee portions of the Social Security and Medicare taxes that would normally be split between them if they were wo...
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Everything you need to know about self employed taxes in a free ebook. What’s the Self-Employment Tax? As a freelancer, you still need to pay your usual personal income taxes. However, in addition to that, you need to pay self-employment taxes. This covers two things: ...
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