The IRS will begin processing 2024 tax returns on Jan. 27. The last day you can file your 2024 taxes without requesting an extension is Tuesday, April 15, 2025. Gig workers who earned more than $5,000 ...

If you pay independent contractors $600 or more annually, you must report those payments to the IRS on Form 1099-NEC. The process is fairly simple if you only need to send one or two, but it gets more ...

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 ...

Tax season is officially underway in the United States and according to the Internal Revenue Service, more than 140 million individual tax returns for 2024 are expected to be filed ahead of the ...

Battling inflation. Insulating against possible layoffs. Monetizing a hobby. Just trying to get ahead. For these and other reasons, more Americans are working multiple jobs these days. That means ...

Adam Palasciano is a writer over three years of experience writing about personal finance, investing, student loans, and more, for outlets like GOBankingRates, FinanceBuzz, The Penny Hoarder, and Wall ...

A personal finance expert shares advice on filing taxes, using refunds and adjusting withholdings ahead of the deadline.

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to ...

If you file paper copies of Form 1099, you will also have to file Form 1096. Among the benefits of filing Form 1099 electronically is the absence of this requirement. — Getty Images/Tatsiana Volkava ...