All the self-employed people are annoyed with the high self-employment Tax. There is a valid reason to be frustrated; SE Tax is twice as the federal payroll tax. Where a employee pays 7.65% federal tax, a self employer has to pay 15.3% of SE tax. There is a Schedule C filer which helps to lower the SE Tax. Three Tax Tips to reduce the tax are as follows. The pros and cons of the schedule are also mentioned in the following points.
1. Home office deduction: Schedule A deduction reduces
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