Self-Employment Tax Rate Explained: What 15.3% Really Means (And How to Plan Around It)
You close the year with $95,000 in freelance income.You worked hard. You managed clients. You grew your business. Then tax season arrives — and you discover that beyond income tax, you owe something called self-employment tax. The rate? 15.3%. According to official IRS guidance on self-employment tax, individuals who work for themselves must pay both … Read more