Three taxes drain your money: federal income tax, state income tax, and self-employment tax. Self-employment tax hits hardest for independent workers. Make sure your tax elections match your situation to pay less.
Here are 3 taxes to be aware of that will keep you from overpaying. First one on the board is federal income tax, and chances are you already know about this one because Uncle Sam wants his fair share, so no escaping that one. Next up is state income tax, and depending on where you live or operate, your state might want some of the action too, so know your state's tax rules. Last but certainly not least is the self-employment tax, and trust me, this one's a big deal. I'm kind of a big deal. If you're your own boss, As a boss, keeping an eye on this could save you so much money. Make sure your tax elections are all in order and they best fit your situation. Follow us for more ways to protect yourself from the greedy IRS. Because they suck.
