The IRS recently changed tip deduction rules for self-employed individuals. If you filed early, learn how to amend your tax return.

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 ...

IRS says Form 4669 helps an employer to avoid penalties for failing to withhold taxes by showing the taxes were paid. But how ...

Several major self-employed tax changes in 2026 are now in effect, and they could ...

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 ...

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 ...