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Maximizing Tax Deductions for the Business Use of Your Car
The business use of your car usually is the largest tax deduction you can take to reduce your business income. This is a big, big deal. Why two “bigs”? Because your business income is used to calculate two taxes: your personal income tax and your self-employment tax (the amount you pay into Social Security and Medicare as the “owner” of your rideshare business). Maximizing your deduction for the business use of your car will help you minimize these taxes. Read more…

Standard Mileage vs. Actual Expenses: Getting the Biggest Tax Deduction
The IRS offers two ways of calculating the cost of using your vehicle in your business: 1. The Actual Expenses method or 2. Standard Mileage method. Each method has its advantages and disadvantages, and they often produce vastly different results. Each year, you’ll want to calculate your expenses both ways and then choose the method that yields the larger deduction and greater tax benefit to you. Read more…

Video: Expenses That Are Tax Deductible When Working from Home
If you work from home, you may be entitled to some normally unavailable tax breaks. Your biggest savings will probably come from the home office deduction. This allows you to deduct some of your housing expenses, like your rent, utilities, cleaning service and repairs. Learn more about tax deductions for expenses when working at home in this tax tip video from TurboTax. Read more…

Estimated Taxes: How to Determine What to Pay and When
We'll make it easy for you to figure out if you have to pay estimated taxes and if so, how much. Read more…

The Self-Employment Tax
Have you started your own business, freelance, or work as an independent contractor? Then get ready to pay the self-employment tax, which is a tax you never had to pay as an employee. The self-employment tax (officially known as the SECA tax for Self-Employment Contributions Act tax) is the self-employed person's version of the tax paid by employers and employees for Social Security and Medicare, and it's due on your net earnings from self-employment. Read more…


More Self-Employment Taxes Articles

Tax Topics for Freelancers, Contractors, and Consultants Reporting Self-Employment Business Income and Deductions Estimated Taxes: Common Questions The Home Office Deduction Setting Up a Home Office Ministers and Taxes Business Use of Vehicles Depreciation of Business Assets Video: Tax Tips for the Self-Employed Can Cellphone Expenses Be Tax Deductible with a Business? Can I Write Off Credit Card Interest on My Taxes? Video: IRS 1099 Levy Contractor Options Video: IRS Rules for Reasonable Business Expenses Is Interest on Credit Cards Tax Deductible? What Is a Schedule C IRS form? Self-Employed Federal Income Taxes What Happens When Someone Forgets to File a 1099 on Their Tax Return? What Is an IRS 1099 Form? What Is IRS Form W-9? How to Withhold Your Own Taxes What Is the IRS Form 1099-MISC? Mobile Phones, Internet and Other Easy Tax Deductions Top Tax Write-offs for the Self-Employed Driving Down Taxes: Auto-Related Tax Deductions Tips for Paying Estimated Taxes Myths About Quarterly Taxes for the 1099 Tax Form Tax Advantages to Incorporating Beginner's Tax Guide for the Self-Employed What is the Purpose of an IRS W-9 Form? A Closer Look at IRS Form 1099 Video: Self-Employment Tax Deductions on Cell Phones What is IRS Form 1040-ES: Estimated Tax for Individuals? How to Read a 1099-MISC Tax Form Tips to Reduce Self-Employment Taxes Filing IRS Form W-9 Video: How to Read a 1099 MISC IRS Form How to File Taxes with IRS Form 1099-MISC Video: Calculating Taxes on IRS Form 1099 Misc Video: When to Issue a 1099-MISC Tax Form Video: How to Recover a 1099 Tax Form Tax Tips for Bloggers Tax Tips for Sole Proprietors Tax Tips for Real Estate Agents and Brokers How an S-Corp Can Reduce Your Self-Employment Taxes What Online Business Owners Should Know about IRS Form 1099-K What Is Schedule H: Household Employment Taxes Tax Tips for Uber, Lyft, Sidecar and other Car Sharing Drivers A Freelancer's Guide to Taxes 4 Tax Tips for Money-Making Hobbies 10 Tax Tips for Airbnb, HomeAway & VRBO Vacation Rentals Renting Out a Room on Airbnb or FlipKey? How Much You Owe in Taxes Selling on Etsy & Your Taxes Side-Giggers: Tax Tips for Side Jobs Top 6 Tax Tips for Sharing Economy Freelancers Gardeners and Landscapers Tax Tips Peer-to-Peer Car Sharing Tax Tips Tax Tips for Nannies and At Home Care Givers A Tax Cheat Sheet for Kindle eBook Self-Publishing Taxes 101 for TaskRabbit Taskers On-Demand Jobs and Your Taxes Sales Tax 101 for Online Sellers Tax Tips for Selling Your Handmade Items Online 5 Tax Tips for Housekeepers Filing Taxes for On-Demand Food Delivery Drivers A Tax Filing Factsheet for eBay Sellers Video: Tax Tips for Car Sharing Drivers: Uber, Lyft & Others Video: Tax Tips When Renting Out Your Home on Airbnb, FlipKey & Others Tax Tips for Handymen and Odd Jobs Tax Tips for Uber Drivers: Understanding Your Taxes How to Use Your Uber 1099s: Taxes for Uber Drivers How to Use Your Lyft 1099: Tax Help for Lyft Drivers Tax Tips for Lyft Drivers: Ridesharing Taxes Tax Tips for Yoga Teachers and Instructors A Guide to Paying Quarterly Taxes Form 1099-K Decoded for the Self-Employed Self-Employed Less Than a Year? How to Do Your Taxes Common Tax Deductions for Coaches Tax Tips for Freelance Writers and Self-Published Authors Work as a Hair Stylist? Tax Tips for Hairdressers The Musician's Guide to Taxes: Top Tax Deductions Top Tax Deductions for Massage Therapists Top Tax Deductions for Photographers Common Tax Deductions for Construction Workers Top Tax Deductions for Consultants 10 Surprising Ways You May Be Self-Employed A Tax Guide for Solopreneurs: Self-Employed Tax Tips What is IRS Form W-9? Working at Home Video: Can I Deduct the Cost of a New Computer on My Taxes?

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