A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- FICAThe payroll tax that funds Social Security and Medicare, split between you and your employer on your wages.
- Payroll TaxTaxes taken out of wages to fund programs like Social Security and Medicare, paid by both worker and employer.
- 1099A family of forms reporting income you earned outside a regular job, such as freelance work or investment payouts.
- Estimated TaxesPayments made throughout the year on income that has no tax withheld, such as freelance or investment earnings.
- Taxable IncomeThe portion of your income left after deductions that the government actually applies tax rates to.
Turn this into a brick
Knowing what Self-Employment Tax means is knowledge — the first half. A brick gets placed when you act on it.
More in Taxes
Adjusted Gross Income (AGI)Alternative Minimum Tax (AMT)Capital Gains TaxChild Tax CreditDependentDividend Tax
Plain-English education — not personalized legal, tax, or investment advice.