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Do I need to pay taxes if I work as a transcriptionist from home?

Aug 05, 2019 - Posted by TranscriptionBrat in Other

1 Responses | 4298 Views

Leorio on 10-29-2019

Yes, you need to treat transcription as a real business and pay the necessary taxes. The self-employment tax rate is 15.3% in 2019. That rate is the sum of a 12.4% Social Security tax and a 2.9% Medicare tax on your net earnings.

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