Tax Guide

Get answers to all your questions about taxes, personal finance, insurance and more.

How much tax does an independent contractor pay?

As an independent contractor, you are considered self-employed for tax purposes. The amount you’ll owe for self-employment taxes depends on your net income, which is figured from your revenue and deductible business expenses.

To find out how much you must pay, gather as much information as you can on your business expenses, then use the IRS worksheet for independent contractors or our free Tax Calculator.

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