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Online Self-Employment Tax Calculator

self employment taxJoining the ranks of the self-employed is a dream for so many. But that freedom comes with a certain cost.

Taxes become more complex when you decide to become self-employed. The self-employment tax is your single biggest concern. Today, the self-employment tax is set at 15.3%.

We’re going to show you what you need to … Read the rest

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What is the Social Security Tax Rate & Limit

Anyone with a job will see a Social Security tax added to their paychecks. This payroll tax amounts to 6.2% of whatever you earned. The money goes directly towards funding the Social Security program.

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Self-employed individuals pay double this amount because they must cover both the employee and employer parts of the tax. However, half … Read the rest

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What is the Medicare Tax?

Here’s what you need to know about Medicare taxes.

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The Medicare tax is what’s known as a type of payroll tax. It’s paid by both employers and employees, so it’s your responsibility to withhold the correct amount from the salaries of your employees. You also need to make a matching contribution.

The Federal Insurance Contributions … Read the rest

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Jackson Hewitt Tax Return Preparation Online

Filing your taxes is never easy. Tax preparation services, on the other hand, make it easy for you to handle your tax affairs without worrying about getting it wrong and dealing with an IRS audit, along with any associated penalties levied.

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The way it works is that taxpayers can choose from several online tax filing Read the rest

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Form 5695 For Energy Tax Credits

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Going green is not just beneficial for the environment it’s also a great way to boost your finances. Making energy-efficient upgrades to your home can not only reduce your energy bills but also offer some sizeable tax savings.

The Federal government wants to encourage citizens to go green, which is why they provide a range … Read the rest