enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. Gig Workers: Tax Considerations & Tips - AOL

   www.aol.com/finance/gig-workers-tax...

   Along with federal and state income taxes, self-employed gig workers owe an additional 15.3% in self-employment taxes, with 12.4% to Social Security and 2.9% to Medicare. Your clients may send you ...

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). ... who earn at least $108.28 and gig workers. How To Calculate Self ...

4. How freelancers and gig workers can prepare for changing tax ...

   www.aol.com/freelancers-gig-workers-prepare...

   For the current tax year, freelancers and small business owners still only need to use 1099-K forms to report third-party app payments totaling $20,000, and any number of payments above 200.

5. 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.

6. 7 Tax Mistakes To Avoid If You’re a Gig Worker - AOL

   www.aol.com/7-tax-mistakes-avoid-gig-170048139.html

   Unlike traditional employees, gig workers are also responsible for paying self-employment taxes, which includes Social Security and Medicare. Failure to account for this can lead to a larger tax ...

7. Misclassification of employees as independent contractors

   en.wikipedia.org/wiki/Misclassification_of...

   Some of the drivers sued after California passed a law aimed at requiring gig economy companies to classify workers as employees that took effect January 1, 2020. [13] Likewise, many more workers in the gig economy are making similar claims. This goes for, for example, Amazon's "last mile" delivery drivers and FedEx's ground delivery drivers. [14]