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Understanding the Self-Employed Contributions Act SECA Tax: A Comprehensive Guide for Professional and Institutional Investors

However, they bear the entire tax burden, which can be higher than under FICA. Self-employed individuals often face higher tax rates due to the nature of SECA. However, they may also qualify for certain deductions that help offset these costs, such as business expenses and… Read More »Understanding the Self-Employed Contributions Act SECA Tax: A Comprehensive Guide for Professional and Institutional Investors