Self-Employment Tax

Dictionary Says

Definition of 'Self-Employment Tax'

A tax imposed on self-employed people, who must pay this tax in order to receive social-security benefits upon retirement.
Investopedia Says

Investopedia explains 'Self-Employment Tax'

The self-employment tax may be reduced if the person also pays social security and Medicare taxes through another employer.

Related Definitions

Search results for

'Self-Employment Tax'

  • 10 Tax Benefits For The Self-Employed

    http://www.investopedia.com/articles/tax/09/self-employed-tax-deductions.asp
    ... (To read more about common deductions, see 10 Most-Overlooked Tax Deductions.):
    Self-Employment Tax Deduction: The self-employment tax refers to the employer ...
  • The Ultimate Tax-Time Checklist

    http://www.investopedia.com/articles/tax/11/ultimate-tax-guide.asp
    ... Self-employment tax: If you're self-employed, you're responsible for paying your
    own Social Security and Medicare taxes - both the employee's share and the ...
  • How To File Your Child's First Income Tax Return

    http://www.investopedia.com/articles/taxes/08/kids-first-income-tax-return.asp
    ... Children who earn net self-employment income above the filing threshold are required
    to pay self-employment tax for Social Security and Medicare, even if no ...
  • 3 Common Tax Questions Answered

    http://www.investopedia.com/articles/05/taxFAQs.asp
    ... It is a prepayment of income tax and/or self-employment tax that you may owe for
    the current tax year on amounts that are not subject to withholding tax, such ...
  • Personal Income Tax Guide: 6 Overlooked Deductions And Credits ...

    http://www.investopedia.com/university/personal-income-tax-guide/tax-guide5.asp
    ... One Half of Self-Employment Tax Being your own boss has a lot of perks, but having
    to pay double what W-2 employees pay for the FICA payroll tax is not one of ...
  • Oil: A Big Investment With Big Tax Breaks

    http://www.investopedia.com/articles/07/oil-tax-break.asp
    ... Although it is considered self-employment income and is subject to self-employment
    tax, most investors who participate in this capacity already have incomes ...
  • Increase Your Tax Refund With Above-The-Line Deductions

    http://www.investopedia.com/articles/tax/11/above-the-line-deductions.asp
    ... contract labor. This also includes one-half of the self-employment tax
    that must be paid on this income. Although these expenses ...
  • 7 Ways To Avoid Self-Employed Tax Penalties

    http://www.investopedia.com/articles/tax/09/self-employed-avoid-tax-penalties.asp
    7 Ways To Avoid Self-Employed Tax Penalties. ... When you're self-employed,
    you're required to send in quarterly estimated tax payments. ...
  • Tax Tips For Financial Advisors

    http://www.investopedia.com/articles/tax/11/tax-tips-for-advisors.asp
    ... This prevents the practitioner from being personally liable for all of the tax on
    the business and also allows him or her to escape self-employment tax. ...
  • Starting A Small Business: Taxes | Investopedia

    http://www.investopedia.com/university/small-business/understanding-small-business-taxes.asp
    ... Self-Employment Tax There isn't really a separate tax on the self-employed.
    Self-employment tax refers to Medicare and Social Security payments. ...

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