Posts tagged as:

self-employed

Ask the taxgirl: Making Work Pay Credit for 2011

8 November 2011

Taxpayer asks: I read that the Making Work Pay Credit was back for 2011 (I saw this post) but I can’t find anything about it even on the IRS web site. Can you help? taxgirl says: Easy answer first: the Making Work Pay Credit was not extended into 2011. The Tax Relief, Unemployment Insurance Reauthorization [...]

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Medicare and Self-Employed Taxpayers

28 February 2011

See folks, this is why you should always read the comments in the blog. We’ve been having a discussion about whether Medicare Part B is deductible as a self employed health insurance premium in the comments at this post: The A, B, C and Ds of Medicare. The old Pub 535 said no. And the [...]

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Does the Payroll Tax Holiday Apply to the Self-Employed?

3 January 2011

I have received a number of questions about the Payroll Tax Holiday and how it applies to those who are self-employed. I wasn’t sure, initially, so I did what I always do (and what I recommend that you do) and I went straight to the source. The Tax Relief, Unemployment Insurance Reauthorization and Job Creation [...]

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Self-Employed Folks Get a (Tax) Break

25 September 2010

As the debate over health care and health care costs continued to draw attention, it appeared as if the smallest of businesses, those who are self-employed, were being ignored. Most of the health care related tax breaks and credits have been focused on businesses with employees but those who are self-employed or primarily family owned [...]

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Ask the taxgirl: Childcare and the Self-Employed

6 February 2010

Taxpayer asks: I started a new business working from home in November 2009 and so far dont have income just losses. I also have my child in daycare and wanted to file his daycare tuition but with no income to report turbo tax isnt letting me use this. How do I go about using the [...]

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Ask the Taxgirl: What to do with a 1099

10 February 2008

Taxpayer asks: I am a driver for a FedEx contractor, and I just recieved my 1099-misc form from my boss(the contractor) and I have no clue as to what to do from here. In the past, my jobs were paid by hourly wage and I received a W-2 for those. This is totally new to [...]

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Fix The Tax Code Friday: Standard Deduction for Self-Employed

28 September 2007

On Problogger yesterday, a few folks commented that the list of potential deductions for bloggers (one of many groups of self-employed persons) was too long or too complicated. Which made me think. It also leads me to today’s Fix the Tax Code Friday question: Should there be a separate Standard Deduction alternative for self-employed persons? [...]

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