Featured Self-employment taxes Post
Understanding the Self-Employed Health Insurance Deduction
Who is Eligible For The Self-Employed Health Insurance Deduction? To be eligible for the self-employed health insurance deduction, you must meet the following criteria: It’s important to note that if
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What is FICA Tax?
What is FICA & Why is it Important? FICA is a federal payroll tax that serves as the primary funding source for the Social Security and Medicare programs. These programs
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Turning Misfortune Into Opportunity: How Gambling Losses Can Reduce Your Tax Burden
Professional Gamblers vs. Recreational Gamblers Before delving into the world of tax deductions and write-offs, it is essential to understand the distinction between professional gamblers and recreational gamblers. Professional gamblers
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Estimated Quarterly Taxes: Who Must Pay & When They’re Due
If you expect to owe $1,000 or more when filing your return, you may have to pay estimated quarterly taxes. Here's what you need to know.
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