This article was originally published on: Self-employed individuals tax center | Internal Revenue Service Who is self-employed? Generally, you are self-employed if any of the following apply to you. Back to top What are my self-employed tax obligations? As a...
If you expect a big capital gain or have meaningful portfolio income—and you live in a high-tax state—an Incomplete Non-Grantor Trust (ING) can be a powerful way to reduce state income taxes and add asset-protection benefits, without using lifetime gift/estate...
Running your own show means you’re both the boss and the payroll department. This guide breaks down what you owe, when you owe it, and how to keep more of what you earn—without headaches. 1) What counts as “self-employed”? If...
If 2024 felt like a moving target, 2025 brings even more change—new standard deductions, higher contribution limits, and fresh planning opportunities. Use this checklist to lower your bill next April and strengthen your long-term plan. 1) Max out workplace retirement...
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