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

Some United States taxpayers in a higher income bracket must pay an extra 0.9% Medicare tax on their Medicare payments. In 2013, the Internal Revenue Service (IRS) levied the tax as a part of the ...

President Donald Trump has been making a lot of executive orders which have concerned millions of Americans who are reliant ...

While you may know Medicare is a federal health insurance program primarily designed for U.S. adults ages 65 and older, you ...

Employees may be exempt from the withholding of Social Security and Medicare payroll (FICA) taxes if they have an F-1 or J-1 visa. Purdue University uses a web-based tax compliance system, called ...

You’re also responsible for self-employment taxes, which pay for both the employee and employer’s share of Social Security and Medicare taxes, on top of federal income taxes and any applicable ...