Employment and Taxes

Whether it's at home or in the workplace, taxes can be a confusing topic. On the job, taxes may seem at first glance to be fairly straightforward, as income tax is often automatically deducted from the paycheck. But taxes at work can be a minefield for some types of employees, including those who are self-employed. It can be difficult to know the difference between a business expense or a normal expense, and whether to estimate taxes or not. Below you can find information on payroll taxes, including classifications and withholding, as well as information on how self-employed individuals go about handling their taxes.

Learn About Employment and Taxes

Payroll Taxes
Most people who work get their taxes automatically deducted from their paycheck. This includes income tax, medicare, Social Security, and any state taxes. Learn more about payroll taxes here.
Garnishment of Wages
When a working person owes money, either for back taxes, a civil settlement, or back child support, his or her wages may be taken out of their paycheck against their will. This is called garnishment of wages.

Paying Estimated Taxes
Most employees have taxes automatically deducted from their paycheck, but independent contractors do not, which means they need to pay self-employment tax. This article explains how contractors can keep on top of their tax payments by paying estimated taxes.
Self-Employment Taxes Q&A
This article has answers to some frequently asked questions about keeping track of and paying taxes when a person is an independent contractor or similarly self-employed. Examples of common situations also are provided.

Employment and Taxes Articles