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The self-empoyment tax rate 15.3% made up of 12.4% for Social Security tax and 2.9% for Medicare tax
Self-employment tax is an amount of money paid on self-employment net income to cover a person's Medicare and Social Security tax.
Self-employment deduction from income can include expenses that are both ordinary and also necessary for your business. Learn more.
If you're self-employed and you use your cellphone for business, you can claim the business use of your phone as a tax deduction. Learn more.
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