Business & Self-Employment Tax
10 articles in Business & Self-Employment Tax
1099 vs. W-2: Key Differences and What They Mean for Your Taxes
1099 vs W-2: understand the key tax differences between employees and contractors, including who pays more and why. Includes a side-by-side comparison.
1099 Tax Form: What It Is, Types, and How It Works
A 1099 form reports non-employment income to the IRS. Learn the most common types, who gets them, key thresholds, and what to do if yours is missing.
When Do You Get Your W-2? Key Deadlines and What to Do If It's Late
When do you get your W-2? Employers must send it by January 31. Learn what to do if it's late, how to file without it, and how to access prior-year W-2s.
Self-Employment Tax: What It Is, Current Rate, and How to Calculate It
Self-employment tax is 15.3% of net earnings. Learn the current rate, how to calculate it with real examples, and how to deduct half from your income taxes.
How to Report Self-Employment Income Without a 1099
Must you report self-employment income without a 1099? Yes. Learn exactly how to report it on Schedule C, what records to keep, and how to avoid IRS trouble.
Estimated Tax Payments: How to Calculate and Pay Quarterly
Estimated tax payments are required if you expect to owe $1,000+. Learn how to calculate them, safe harbor rules, payment methods, and avoid penalties.
Quarterly Tax Due Dates: Every Deadline for the Current Tax Year
Quarterly tax due dates for 2025-2026: April 15, June 15, September 15, January 15. Get the full calendar, penalty math, and a checklist for each payment.
How Much Should Freelancers Save for Taxes? A 1099 Tax Reserve Guide
How much should freelancers save for 1099 taxes? Use the 25-30% rule, build a tax reserve, and avoid penalties. Includes worked examples by income level.
Schedule C: Reporting Business Income for Freelancers
Schedule C reports business income and expenses for sole proprietors. A worked example with common deductions and self-employment tax.
20 Small Business Tax Deductions You Shouldn't Miss
20 small business tax deductions for 2025, from home office to Section 179. See which expenses cut your tax bill and how much each one could save you.