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Work for Yourself? Here’s How to Reduce Self-Employment Taxes

Savings

Work for Yourself? Here’s How to Reduce Self-Employment Taxes


This story originally appeared on SmartAsset.com. The self-employment (SE) tax is the equivalent of the tax regular employees and their employers pay. It’s the way self-employed people, freelancers and independent contractors contribute to the Social Security and Medicare funds. With a tax rate of 15.3% applying to everything self-employed workers earn, SE tax can add up to a lot. In some cases…

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