5 Tips For Self-Employed Taxpayers

Tax Stories of the Jacksonsville Princess

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Posted by srpatterson3 (#1) 4141 days ago (http://2010taxes.org)

When an individual works for themselves, he or she is considered self-employed for taxes, which means the individual is responsible for paying and filing taxes on a scheduled basis. These individuals will have some advantages and disadvantages at tax time.
Five Tips For Self-Employed Taxpayers

A self-employed individual will have to pay income and self-employment tax. The self-employment tax includes Social Security and Medicare taxes. Normally these taxes are withheld from an individual’s wages, but a self-employed individual will have to pay these taxes by filing a Form 1040 Schedule SE. However, the individual does get to deduct half of … Read the restThe post 5 Tips For Self-Employed Taxpayers appeared first on 2010 Taxes - Free Tax Filing Options.

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