Self-Employment Income

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Self-Employment Income
Self-Employment Income Social Security Taxes Freelancers Small Business Owners Independent Contractors Net Profit Self-Employed
Self-employment income refers to the earnings generated by individuals who work for themselves rather than being employed by a company or organization. This income is subject to Social Security taxes if the net profit from the trade or business is at least $400 for the year. In some cases, earnings less than $400 might still be considered for Social Security purposes.
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