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Podcast: The Money with Katie Show
Episode: #4: SELF-EMPLOYMENT TAXES: How to Save on Taxes When You're Self-Employed
Description: Self-employed people are able to contribute a ridiculous amount of money to their special self-employment retirement accounts. Today, we're going to dig into:
Everything you need to know about Solo 401(k)s and SEP IRAs
Where your self-employment tax even comes from
How to decide what's better for you – Solo 401(k) or SEP IRA – depending on how much money you make and whether or not you have a full-time job, too
The only way to avoid paying the 15.3% self-employment tax
How you could save more than $10,000 in taxes
Th...