Self Employment Tax
How Much Tax Do I Pay as a Self-Employed? The $70,000 Breakdown
How much tax do I pay as a self-employed worker earning $70,000? See the 15.3% self-employment tax math plus quarterly payment rules that avoid IRS penalties.
Self Employment Tax
Self Employment Tax is the tax self-employed individuals pay to cover Social Security and Medicare. It’s crucial as it determines your contributions to these programs. Understanding how to calculate and report this tax can help you avoid penalties and maximize deductions. Additionally, knowing your obligations can aid in effective financial planning. Don't forget to consider the potential benefits of making quarterly estimated payments to manage cash flow and avoid a hefty tax bill at year-end.
Standard Deduction
What Deductions Can You Take on Federal Taxes? A No-Nonsense Guide
What deductions can you take on federal taxes? See rules for employees, freelancers, and filers 65+, plus itemized vs. standard deduction breakdowns.
Tax Deduction V
Federal Tax Deductions 2025: What You Can Still Claim Before October 15, 2026
Filed an extension or missed the deadline? Here's how federal tax deductions 2025 still work, how to file on the IRS website, and where Schedule SE fits in.
Self Employment Tax
Self-Employment Tax Reddit Myths: Why the "$10,000 Rule" Is Dead Wrong
Reddit says $10,000 makes you tax-free. It's wrong. Learn what self-employment tax actually covers, the real $400 threshold, and how to avoid IRS trouble.
Missed Tax Deadline
Quarterly Estimated Taxes Due Dates 2026: Mark These Four Deadlines Now
See the exact 2026 quarterly estimated taxes due dates, who owes them, and how the safe harbor rule keeps you from overpaying the IRS in penalties.
Federal Tax Requirement
Federal Tax Deductions Calculator: What Your Paycheck Isn't Telling You
A federal tax deductions calculator won't shrink your withholding, but it explains it. Learn how to use one correctly, whether you're W-2 or self-employed.
Estimated Tax
2026 Estimated Tax Due Dates, Plus the Truth About the $600 Rule
See every 2026 estimated tax due date, who must pay, and the real story behind the $600 rule and $6,000 senior deduction before penalties catch up with you.
Self Employment Tax
How to Avoid Self-Employment Tax: What's Legal, What's a Red Flag
Learn how to avoid self-employment tax the legal way: real deductions, the S-corp election, and self-employment tax vs income tax explained plainly.
Federal Tax Requirement
Federal Tax Deductions 2025: How to File Late Without Losing More Money
Missed the April 2026 deadline? Learn which federal tax deductions 2025 still apply, how to file now, and how to stop penalties from piling up further.
Single Member LLC
LLC Tax Classification: Why Your Single-Member LLC Is a Tax Ghost
Learn how tax classification for LLC single-member owners works, when S-corp elections cut self-employment tax, and which loopholes actually save you money.
S Corporation
The S Corporation Tax Election: How to Cut Self-Employment Tax the Legal Way
Thinking about an s corp tax election for your LLC? Learn who benefits, how Form 2553 works, and the March 15 deadline you can't afford to miss.
Federal Tax Requirement
Federal Payroll Tax Rate Explained, Plus the S Corp Election Deadline for 2026
Learn the federal payroll tax rate, compare S corp vs LLC tax treatment, and see why the March 15, 2026 S corp election deadline could change your tax bill.