Federal Excise Taxes: How Form 720 Works Each Quarter
How Form 720 reports federal excise taxes each quarter, the due dates in Publication 510, Form 720-X adjustments, and the indoor tanning tax.
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Self-employment and small business
Plain-language guides on freelance and small-business income: Schedule C, self-employment tax, estimated payments, and the records the IRS expects you to keep.
SEP IRA Basics: What Employers and the Self-Employed Should Know
A SEP IRA lets an employer contribute to employees' retirement accounts. Learn the eligibility rules, the 2025 limit, and the deadline.
Read more →Self-Employed Health Insurance Deduction Basics
Self-employed people can deduct health insurance premiums on Schedule 1, within limits. Learn the net profit rule, the employer-plan rule, and Form 7206.
Read more →Schedule C: Business Income and Expenses Basics
Schedule C reports income and expenses from a business you run alone. Learn who files it and what counts as a business expense.
Read more →Form 8919: Social Security and Medicare Tax When You Were Treated as a Contractor
Form 8919 reports Social Security and Medicare tax on pay from a firm that treated you as a contractor. Learn who must file and how it is figured.
Read more →Form 2210: The Estimated Tax Penalty Explained
Form 2210 shows whether you owe a penalty for not paying enough estimated tax during the year. Learn the tests, the exceptions, and when to file.
Read more →Form 2210-F: The Estimated Tax Penalty for Farmers and Fishers
Form 2210-F is for people whose gross income is at least two-thirds farming or fishing. Learn the tests, the exceptions, and how the penalty is figured.
Read more →Form 2106: Who Still Files Employee Business Expenses
Form 2106 is only for reservists, qualified performing artists, certain public officials, and some workers with disability costs. See who files it.
Read more →Self-Employment Tax: The Basics of Schedule SE
Self-employment tax covers Social Security and Medicare for people who work for themselves. Learn the 15.3% rate and when to file Schedule SE.
Read more →Gig Work and Form 1099-NEC: How to Report Your 2025 Income
How gig workers report 2025 income from Form 1099-NEC: the $600 rule, income without a form, Schedule C, self-employment tax, and records.
Read more →How Do Quarterly Estimated Taxes Work for Freelancers and Gig Workers?
A freelancer's routine for quarterly payments: total profit from your records, add self-employment tax, set money aside, and pay on each due date.
Read more →Home Office Deduction for the Self-Employed: Who Qualifies and How Is It Figured?
Who qualifies for the home office deduction? Learn the exclusive and regular use test, the $5-per-square-foot simplified method, and a worked example.
Read more →Gig Driver Records: Which Mileage and Expense Records Should I Keep?
What a mileage log must show, the 2026 business rates (72.5 cents, then 76 cents), and which parking, toll, and expense receipts to keep as a gig driver.
Read more →Estimated Taxes: The Safe Harbor Rules
The IRS safe harbor rules explained: the $1,000 test, the 90% and 100% (or 110%) targets, and how the underpayment penalty is figured.
Read more →I Got a 1099-NEC Instead of a W-2: What Changes on My Taxes?
Got a 1099-NEC instead of a W-2? Learn how the income is taxed, why no tax is withheld, and what to set aside before the filing deadline.
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