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What Does It Mean to Be Self-Employed? A 2026 Guide - Coursera Learn more about what it means to be self-employed, as well as the pros and cons of this approach to work, to help you decide if it’s the right path for you Self-employed individuals may work as freelancers, gig workers, contractors, or business owners Explore key facts:
What Is Self-Employed Work and Why Do People Pursue It? Self-employed work means you work for yourself, either by forming a business or working as a contractor or freelancer This type of employment can fall under several classifications, and these classifications determine tax rate and the ability to hire employees, among other factors
How to Calculate and Pay the Self-Employment Tax Navigate the mandatory FICA replacement for the self-employed Learn how to accurately calculate your SE Tax liability, report it on Schedule SE, and claim the necessary deduction
Taxes for the Self-Employed: A Complete Guide Self-employment taxes are the taxes freelancers, contractors, gig workers, and small business owners pay on their income Unlike traditional employees, who have Social Security and Medicare automatically withheld from their paychecks, self-employed individuals are responsible for paying both the employer and employee portions
Understanding the Self Employment Tax Rate Master the self employment tax rate with our guide Learn how to calculate, reduce, and pay your taxes with clear, step-by-step instructions for freelancers
What Is the Self-Employment Tax and How Do You Calculate It? The self-employment tax is a tax on people who work for themselves—like independent contractors and small-business owners—and it funds Social Security and Medicare It applies to anyone earning $400 or more in self-employment income For 2025, the self-employment tax rate is 15 3%
U. S. Self Employment Tax Guide Calculator Self-employment tax is 15 3%, covering Social Security and Medicare Use IRS Schedule SE to figure out how much tax you owe You can deduct half of your self-employment tax when filing your income tax If you expect to owe $1,000 or more in taxes, you may need to make estimated payments