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Self-Employment Tax: How It Works and How To Figure Yours | #self-Employment Tax: How It Works and How To Figure Yours

Self-Employment Tax: How It Works and How To Figure Yours

Self-Employment Tax: How It Works and How To Figure Yours

Self-employment tax covers Social Security and Medicare for freelancers and business owners. At 15.3%, it applies if net earnings exceed $400. Track expenses, pay quarterly, and plan ahead to avoid surprises while building future benefits.