How to File Your Taxes if You Are Self Employed

If you are self-employed, it is important to understand how to properly file your taxes. The self-employed do not have tax money automatically taken out of each check and pay their own expenses, so there are extra considerations to take into account other than the standard dependents, deductions and so on. Self-employment tax rate is currently 13.3 percent, which must be paid on earnings of $400 or more. Self-employed individuals can take deductions for work expenses and health insurance, but to make sure that you are getting the proper deductions and amounts, consult a trusted tax preparation company for assistance.

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