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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 income or loss you determined on Schedule C or Schedule C-EZ is used to calculate the self-employment taxes that you should have paid during the year. 6. Complete and File Your Self-Employment ...

3. 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. The reported ...

4. Self-employment - Wikipedia

   en.wikipedia.org/wiki/Self-employment

   Self-employed persons sometimes declare more deductions than an ordinary employee. Travel, uniforms, computer equipment, cell phones, etc., can be deducted as legitimate business expenses. Self-employed persons report their business income or loss on Schedule C of IRS Form 1040 and calculate the self-employment tax on Schedule SE of IRS Form 1040.

5. Federal Insurance Contributions Act - Wikipedia

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

   Under the SE Tax Act, self-employed people are responsible for the entire percentage of 15.3% (= 12.4% [Soc. Sec.] + 2.9% [Medicare]); however, the 15.3% multiplier is applied to 92.35% of the business's net earnings from self-employment, rather than 100% of the gross earnings; the difference, 7.65%, is half of the 15.3%, and makes the ...

6. How to get a mortgage when you’re self-employed - AOL

   www.aol.com/finance/mortgage-self-employed...

   It's possible to get approved for a home loan as a self-employed borrower, but you often have to take a few extra steps to prove your creditworthiness. ... If earned income is verified by 1099 ...

7. Free File - Wikipedia

   en.wikipedia.org/wiki/Free_File

   The IRS Free File Program is a service that allows U.S. taxpayers to prepare and e-file their federal income tax returns for free. Through the program, commercial tax software companies that are part of the Free File Alliance offer free tax preparation software to tax filers with annual adjusted gross income (AGI) below $84,000 for Tax Year 2024.