The general rule is that any ordinary and reasonable expense you pay while conducting a business activity is deductible in ...

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may ...

If you received a total of $5,000 or more through a payment app in 2024, that company is now required to report that amount ...

Self-employment tax requires you to pay 15.3% of your total earnings. This tax is levied to pay into Social Security and ...

If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore ...

You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.

The IRS has identified a surge in deceptive promotions suggesting that self-employed individuals are eligible for a "Self-Employment Tax Credit." These claims are unfounded, as no such credit exists.

Taxpayer was liable for self ... as self-employment income subject to self-employment tax, and reported about $4,300 of income tax liability. The IRS initially assessed a $138 penalty for failure to ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job.

A classically trained French hornist by education, Nick Wolny is a managing editor at CNET, where he oversees the CNET Voices program and branded content division. He is also the finance columnist ...