John Comeau used some of the $1.15 million he withheld to maintain a “comfortable lifestyle,” according to federal ...

Shannon Ellis, head of the union that represents Kansas City IRS employees, said the Trump administration won’t even confirm ...

The agency could close the estimated $118 billion employment-tax gap, among others, and dedicate the money to the trust fund.

If you're self-employed, you pay Social Security through SE tax. Learn how it works, how much you pay, and how it affects ...

Filing taxes when you’re self-employed can be, well, taxing. But there are steps you can take to make the process easier. The steps are: 1. Start early: Mark when tax returns are due.

Self-employment taxes are similar to FICA taxes, which W-2 workers split with their employers. You’ll be responsible for the entire amount, but you can deduct half the tax on Schedule 1, ...

The IRS lets you take a deduction equal to one-half of your self-employment taxes on your federal tax return. As a self-employed person, if your business reports a profit—for the IRS, that means ...

The self-employment tax rate is 15.3% on net earnings (12.4% for Social Security and 2.9% for Medicare). Employers and employees share these taxes, each paying 7.65%.