Host of The Big Idea, Elizabeth Gore unpacks the basics of self-employment tax from the 15.3% rate to who’s required to file and how it’s reported. Gore also explains key details like Schedule SE, ... If you have a side hustle — or are full-time in business for yourself — you might qualify for self-employment tax deductions.

Understanding the Context

These deductions can lower your taxable income, and save a bundle in taxes ... Think Advisor: 8722 / Who is an “employee” for employment tax purposes? Self Employed on MSN: Self-employed tax changes 2026: What the OBBBA means for you The IRS has released its inflation-adjusted tax figures for 2026, incorporating sweeping changes from ... Retirees, especially those who had W-2 jobs during their working lives, might be surprised to learn how much tax they owe on these earnings.

Key Insights

New York Post on MSN: Tax time 2026: why millions of Americans are getting a surprise IRS bill instead of a refund Tax time 2026: why millions of Americans are getting a surprise IRS bill instead of a refund