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Apr 9, 2025The profit or loss from self-employment is the difference between your revenue and costs. When your self-employment income exceeds your expenses, you profit. Conversely, when self-employment expenses exceed income, there is a loss. Self-employed individuals pay self-employment tax. The SE tax is a Social Security and Medicare tax. What is self-employment? Self-employment entails running a […]
adminApr 6, 2025What Are Capital Gains and Capital Losses? Capital gains and capital losses occur when you sell an asset, such as stocks, real estate, or other investments. A capital gain is the profit you make when you sell the asset for more than you paid for it. A capital loss is the opposite—when you sell for […]
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