According to the Internal Revenue Service, individuals who are compensated for providing services to others are classified either as employees or as self-employed individuals. The IRS rules differ ...

When you are self-employed, tracking your income is a bit more complicated than receiving a W-2 from another company. Calculating gross income, as well as net profit or loss, can be particularly ...

If you’re self-employed or own a business, you may be wondering if it’s possible to get a mortgage. The short answer is yes, ...

A new federal form from the Internal Revenue Service aims to help the self-employed claim sick and family leave tax credits under the Families First Coronavirus Response Act. Eligible self-employed ...

When you’re self-employed, you’re responsible for paying both the employer and employee portions of taxes. Here’s how to calculate both. If you’re self-employed – either on a full-time basis or just ...

Find out what you'll owe the IRS if you work for yourself. Employees understand how depressing it can be to have their paychecks get reduced due to the money their employers withhold from their ...

Ask the Underwriter is a regular column for HousingWire's new LendingLife newsletter, addressing real questions asked to, and answered by, professional mortgage underwriter, Dani Hernandez. When ...

Call it what you want. The "SETC" payout. The "Self-Employment Tax Credit — the last pandemic program!" The COVID-19 tax break for gig workers and freelancers. "Self-employed?" asks one post on ...

Korrena Bailie has over a decade of experience reporting and editing personal finance stories and reviews. Her work has been featured in Wirecutter, The New York Times, Bankrate and Credit Karma.

Explaining a recent reversal of a long-held IRS stance, the Office of Chief Counsel advised IRS attorneys that self-employed individuals may deduct Medicare premiums from their self-employment income.

If you earned any income in 2015 that didn't have payroll and Medicare taxes deducted, you may have to pay an additional tax known as self-employment tax, which unfortunately can take another 15.3% ...