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2. 15 Self-Employment Tax Deductions You Should Know - AOL

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   Here are a few of the most common self-employment tax deductions: 1. Self-Employment Tax Deduction. If you’re self-employed, you will end up paying more Social Security and Medicare tax than an ...

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

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

   Self-employed health insurance deduction: Might allow you to deduct the amount paid for health insurance for yourself, your spouse and your dependents You might be able to qualify for other ...

4. Here's how the self-employed can save on taxes and help ... - AOL

   www.aol.com/finance/heres-self-employed-save...

   In 2021, the number of self-employed workers in this country jumped to 14.9 million in the second quarter, after falling to 12.7 million a year earlier, according to a Pew Research Center report.

5. 401(k) - Wikipedia

   en.wikipedia.org/wiki/401(k)

   Note: an unincorporated business person is subject to slightly different calculation. The government mandates calculation of profit sharing contribution as 25% of net self-employment (Schedule C) income. Thus on $100,000 of self-employment income, the contribution would be 20% of the gross self-employment income, 25% of the net after the ...

6. Payroll tax - Wikipedia

   en.wikipedia.org/wiki/Payroll_tax

   The Social Security tax is divided into 6.2% that is visible to employees (the "employee contribution") and 6.2% that is visible only to employers (the "employer's contribution"). For the years 2011 and 2012, the employee's contribution had been temporarily reduced to 4.2%, while the employer's portion remained at 6.2%, [ 38 ] but Congress ...

7. Solo 401 (k) - Wikipedia

   en.wikipedia.org/wiki/Solo_401(k)

   Employer Profit sharing contributions would be reported on IRS Form 1040, Schedule C for a self-employed individual (and on the corporate tax return for an employer corporation). Form 1099-R - Form 1099-R needs to be filed when a distribution is taken from the Solo 401(k), or when an In-Plan Roth conversion is performed.

8. Best retirement plans for the self-employed - AOL

   www.aol.com/finance/best-retirement-plans-self...

   Here are the details on self-employed retirement plans, including which may be the best. ... This kind of plan offers a tax-deferred or tax-free way to save – on either a pre-tax or after-tax ...

9. Top 13 tax deductions for the self-employed - AOL

   www.aol.com/article/finance/2017/01/26/top-13...

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