you can deduct any work-related expenses you spend on business-related items such as cell phones, Internet service, software, and office supplies. You may also be able to benefit from self employment tax write off some home office expenses.
Self employment tax is a tax that comprises two taxes: Social Security and Medicare. All working Americans pay self employment tax. The IRS enforces it rigidly. There are only a few exceptions to the requirement to pay this tax to date. So yes, we all pay for it.
PriorTax for filing self-employment tax and using its self-employment tax calculator. Knowing what taxes you are liable for as a self-employed employee is a lot to handle – especially when you are busy finding new businesses, maintaining product quality, and all that goes into working for yourself. That is all the more reason to use PriorTax Self-Employed. PriorTax makes it easy to fill out forms, calculate taxes, and claim all of the tax deductions and credits you deserve- for a fraction of competitors’ price. Start using PriorTax today.
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