If you’re self-employed, your taxes can be complicated. Our picks for the top tax software for self-employed people will give you the best help at the best price.

For the self-employed, health insurance premiums are deductible as an ordinary expense at tax time. Whether you purchase the policy in your name or have your business obtain it, you can deduct health ...

Also, the self-employed person must be quite self-sufficient, able to do most of a business’s core tasks from sales to basic accounting. Having a partner would split the profits and double the ...

“For new business owners and newly self-employed professionals worried about appearing inexperienced, this makes it less obvious to your client that you’re new to invoicing. For example, if you ...

For example, if you have $45,000 in self-employment income and $2,000 of taxable interest, add $45,000 to $2,000 to find your total taxable income for the year equals $47,000.

The rate for this tax is 12.4% for Social Security and 2.9% for Medicare, for a total of 15.3%. 3 Employees cover 7.65% of these taxes out of their paychecks; self-employed individuals must cover ...

Intuit first launched the self-employed version of QuickBooks in January 2015, touting the platform for its tax-specific knowhow for freelancers and contract workers -- or what it calls the on ...