Self Employed

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  • Self employment estimated tax payments Updated The Internal Revenue Service (IRS) is the authority on tax matters. Self-employed individuals must pay estimated self-employment tax (Social Security and Medicare) directly to the IRS. Once you have...
  • Earnings limit when I am self employed If you are self-employed and under full retirement age, we will count only your net earnings from self-employment towards your earnings limit.  Net earnings are your earnings after...
  • Higher Social Security tax for the self employed Updated A self-employed person pays twice as much as an employee pays.  However, if you are self-employed there are special tax credits you can take when you file your tax return.  These...
  • Reporting wages paid to a household employee Updated If you paid a household employee cash wages of $1,800 or more in 2012 or for any work performed in 2013, you must withhold from the employee's earnings the required taxes needed to pay his/her...