Work for Yourself? Here’s How to Reduce Self-Employment Taxes

This story originally appeared on SmartAsset.com. The self-employment (SE) tax is the equivalent of the tax regular employees and their employers pay. It’s the way self-employed people, freelancers and independent contractors contribute to the Social Security and Medicare funds. With a tax rate of 15.3% applying to everything self-employed workers earn, SE tax can add up to a lot. In some cases…

Original Article Posted at : https://www.moneytalksnews.com/slideshows/work-for-yourself-heres-how-to-reduce-self-employment-taxes/