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

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

    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 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% ...

  4. Independent Contractor Taxes: A Complete Guide - AOL

    www.aol.com/independent-contractor-taxes...

    Unlike an employee, the independent contractor must pay self-employment tax on income minus deductions. The self-employment tax rate is 12.4% for Social Security and 2.9% for Medicare taxes as a ...

  5. How To Pay Taxes as a Freelancer - AOL

    www.aol.com/finance/pay-taxes-freelancer...

    Part of your self-employment tax: Reduces your adjusted gross income and is typically 50% to 57% of your self-employment tax. Self-employed health insurance deduction: Might allow you to deduct ...

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

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

    Part of your self-employment tax: Reduces your adjusted gross income and is typically 50% to 57% of your self-employment tax. Self-employed health insurance deduction: Might allow you to deduct ...

  7. Self-Employment Tax Deductions - AOL

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

    Being self-employed isn't always all it's cracked up to be, especially when it comes to taxes. Not only do you have to use a tax estimator to make estimated tax payments, you also don't have an...

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