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

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

   To help offset the self-employment taxes, there are quite a few deductions you can take to lower your business income. See if you qualify for them. 15 Self-Employment Tax Deductions You Should Know

3. IRS Volunteer Income Tax Assistance Program - Wikipedia

   en.wikipedia.org/wiki/IRS_Volunteer_Income_Tax...

   - Basic income, such as salaries & wages, interest, and dividends - Disability Income - The Earned Income Credit - Education Credits - Disability Income Advanced - Self-Employment Income - Calculating the taxable amount of retirement distributions - Sales of Stock, Bonds, or Real Estate and other Capital Transactions - Tip Income

4. What are tax credits and how do they work? - AOL

   www.aol.com/finance/tax-credits-153012710.html

   As explained by Investopedia, tax deductions reduce your taxable income whereas tax credits reduce the amount of taxes owed. If you have specific questions about which tax credits (or deductions ...

5. How Do Tax Credits Work? Here’s What To Know for 2023 - AOL

   www.aol.com/tax-credits-know-2023-130031993.html

   Tax credits enable taxpayers to lower their tax bills or get larger refunds. It's important to note, however, that these are different from tax deductions, which reduce taxable income rather than ...

6. Earned income tax credit - Wikipedia

   en.wikipedia.org/wiki/Earned_income_tax_credit

   For income between $10,540 and $19,330, the tax credit is a constant "plateau" at $3,584. For income between $19,330 and $41,765, the tax credit decreases by $0.1598 for each dollar earned over $19,330. For income over $41,765, the tax credit is zero. [37] This is represented by the lightest blue, solid line (other lines are various other ...

7. Misclassification of employees as independent contractors

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

   These taxes are generally not paid by the employer on the compensation of a worker classified as an independent contractor. Instead, the contractor is responsible for their employer's share of the taxes when paying self-employment taxes at the end of the year. [2] Classification affects whether a worker can receive unemployment benefits.

8. Don't miss these 3 tax credits when you file this year - AOL

   www.aol.com/finance/dont-miss-3-tax-credits...

   Before you file your return, here are some tax credits you may want to review. 1. EARNED INCOME TAX CREDIT. The earned income tax credit, or EITC, is one of the most common income tax breaks ...

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

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

   Then, file Schedule SE as a self-employment tax calculator to figure out the self-employment taxes you owe. Both your net self-employment income and your self-employment taxes will be carried over ...