Yes, you can deduct self-employment tax as a business expense ... Free Edition is for simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student ...

Working for yourself can have a lot of benefits, but taxes are generally not one of them. When self-employed, you are ...

The general rule is that any ordinary and reasonable expense that is paid ... calculate your adjusted gross income. While this won’t impact your net self-employment earnings or tax liability ...

Free version available for simple Form 1040 returns only ... net earnings are usually your gross income from self-employment minus your business expenses. Generally, 92.35% of your net earnings ...

When you’re self-employed — you’ll mostly fill out IRS Form Schedule C on your tax return. This is where you’ll report your business income and expenses — including business deductions ...