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2. How To File Self-Employment Taxes: A Step-By-Step Guide - AOL

   www.aol.com/file-self-employment-taxes-step...

   The current self-employment tax rate is 12.4% for Social Security, which is your old-age, survivors and disability insurance, and 2.9% for Medicare, which is your hospital insurance. These taxes ...

3. Here Are the Workers Who Are Exempt From Paying Social ...

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   You're exempt from Social Security payroll taxes if you're self-employed and earn less than $400. For those earning above that, the amount subject to self-employment tax is 92.35% of your net ...

4. How Much Is Self-Employment Tax? - AOL

   www.aol.com/much-self-employment-tax-120001832.html

   The self-employment tax is comprised of two taxes: the Social Security tax and the Medicare tax (also known as the FICA tax). As of the tax year 2023, the FICA tax rate is 15.3% — that’s 12.4% ...

5. Social Security (United States) - Wikipedia

   en.wikipedia.org/wiki/Social_Security_(United...

   Workers in Social Security covered employment pay FICA (Federal Insurance Contributions Act) or SECA (Self Employed Contributions Act) taxes and earn quarters of coverage if earnings are above minimum amounts specified in the law. Workers with 40 quarters of coverage (QC) are "fully insured" and eligible for retirement benefits.

6. Federal Insurance Contributions Act - Wikipedia

   en.wikipedia.org/wiki/Federal_Insurance...

   The employer is also liable for 6.2% Social Security and 1.45% Medicare taxes, [10] making the total Social Security tax 12.4% of wages and the total Medicare tax 2.9%. (Self-employed people are responsible for the entire FICA percentage of 15.3% (= 12.4% + 2.9%), since they are in a sense both the employer and the employed; see the section on ...

7. 15 Self-Employment Tax Deductions You Should Know - AOL

   www.aol.com/15-self-employment-tax-deductions...

   Total self-employment tax: 15.3%. When you have a regular employer, your employer usually pays for half of these taxes. This means you’d only have to pay 7.65% in Social Security and Medicare taxes.

8. Deferred Social Security Tax Payment Due by End of Year, IRS ...

   www.aol.com/deferred-social-security-tax-payment...

   If you deferred paying part of your 2020 Social Security tax liability due to COVID-19 relief efforts, you don’t have much time left to pay the rest. The IRS this week issued a reminder that ...

9. 6 Things You Must Know About Social Security If You’re Self ...

   www.aol.com/finance/6-things-must-know-social...

   Social Security gets the vast majority of its funding -- more than three-quarters -- from payroll taxes. Most workers in the United States pay 6.2% of their wages into Social Security taxes, and ...