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Self employed
My number on tip for you: Your profit from tutoring will be subject to Self Employment Tax (Social Security and Medicare tax that is normally withheld by employer at a W-2 job), therefore, make sure you capture your expenses and keep track of them going forward. Essentially, every $100 of ordinary and necessary expense (for example, internet access or a book relating to your field of teaching) saves you $15 of SE Tax.
‎August 31, 2022
3:04 PM