For the 2025 tax year, the 'One Big Beautiful Bill' made several changes to deductions and tax laws. Some of these will ...

Kim Porter began her career as a writer and an editor focusing on personal finance in 2010. Since then, her work has been published everywhere from Forbes Advisor to U.S. News & World Report, Fortune, ...

Self-employment offers control, freedom and income opportunities that salaried positions may not. Being in charge of your own business decisions also means being responsible for meeting all your own ...

Sole proprietorships are the simplest business entity — their taxes are pretty straightforward, too. Many, or all, of the products featured on this page are from our advertising partners who ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

Side hustle earnings are taxable and must be reported, even without a 1099 form. Self-employment tax covers Social Security and Medicare contributions. Organized recordkeeping helps maximize ...

As a sole proprietor, independent contractor or gig worker, your income from self-employment might come from several sources. The types of self-employment income that you use to determine your gross ...

Many settlement agreements don't say anything about tax forms. Yet many defendants issue a Form 1099 to the plaintiff, and a ...

Navigating the seas of self-employment can be rough. We've got answers to common questions so you can have smoother sailing.

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