Here are quarterly tax tips ... determine self-employment tax and income tax. A net profit is taxable income, while a net loss can typically reduce gross income on Form 1040 or 1040-SR, though ...

If you are self-employed or make money as an independent contractor or freelancer, April 15 isn't the only tax-related ... estimated quarterly taxes from those who earn income on a Form 1099 ...

The agency announced a series of expanded and new programs designed to aid the tax filing process as a part of a modernization effort initiated by the 2022 passing of the Inflation Reduction Act.

although they can deduct half of their self-employment tax on Form 1040. You can pay quarterly estimated taxes by filling out the voucher in the IRS Form 1040-ES publication and mailing it with a ...

You can use the worksheet in the instructions for IRS Form 1040-ES to estimate how much you need pay in quarterly taxes. Because of the way the IRS calculates penalties, these estimated tax ...