For the 2025 tax year, the 'One Big Beautiful Bill' made several changes to deductions and tax laws. Some of these will ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

We break down the definitions and eligibility rules for the five IRS filing statuses to help you maximize your refund this ...

In Sirius Solutions, the court rejected a participation-based test for self-employment tax, finding that limited liability, ...

As people are finding new and different ways to make money, the idea of being self-employed, or possibly just a side hustle, becomes more widespread. Although there are many tax advantages and other ...

Navigating the seas of self-employment can be rough. We've got answers to common questions so you can have smoother sailing.

You must file a federal tax return if your income meets the IRS filing threshold for your age and filing status, if you ...

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 ...

The way your income is taxed differs based on whether it’s considered earned or unearned . Read on to learn more.

Use this guide for a step-by-step explanation of how Schedule C works and how to fill it out so you can make sure you’re filing your taxes correctly. Each year, sole proprietors have the chore of ...