The freelance economy continues to grow in 2026, with millions of Americans earning income as independent contractors, ...

Mike Cetera is the editor in chief for Forbes Marketplace U.S. Mike has written and edited articles about mortgages, savings accounts, CD rates and credit cards for more than a decade. Prior to ...

Discover what's an independent contractor, how they manage taxes, and learn from real-life examples. Explore the benefits and ...

Self-employment taxes can add up for independent contractors, but tax deductions are a welcome perk. Many, or all, of the products featured on this page are from our advertising partners who ...

What is self-employment tax? The federal self-employment tax is composed of Social Security and Medicare taxes, which are also known together as the Federal Insurance Contributions Act (FICA). For ...

If you rely on other people to hire you on a per project basis, you operate on a freelance basis, and you are generally free to accept other assignments and are not limited to doing work for a single ...

When filing your taxes with the IRS, listing your profession is even more important for the self-employed. This is one way the IRS determines whether your deductions are legitimate, as well as ...

Mike Cetera is the editor in chief for Forbes Marketplace U.S. Mike has written and edited articles about mortgages, savings accounts, CD rates and credit cards for more than a decade. Prior to ...