Self-Employment Tax Got You Stressed? Learn Exactly What It Is and How to Pay Less

How can self-employed individuals manage the burden of self-employment tax? In this episode of the Ask Ralph Show, Ralph answers a question from Dwight, a freelance writer struggling with high tax bills. Ralph breaks down the components of self-employment tax, like Social Security and Medicare, and shares practical strategies to reduce it. From maximizing business expense deductions to taking the home office deduction and exploring S Corporations, Ralph gives actionable advice backed by real success stories. With biblical encouragement and simple steps, this episode inspires listeners to take control of their finances and find peace even in the challenges of self-employment—especially when navigating the complexities of Self-Employment Tax.

Read today’s blog article:
https://www.askralphpodcast.com/blog/self-employment-tax-keeping-you-stressed/
https://www.askralphpodcast.com/self-employment-tax/

Podcast Timestamps:
00:00 Episode Overview
01:48 Meet Dwight: A Freelance Writer's Tax Struggles
02:47 If You Have A Question You'd Like Answered, Head Over To https://justaskralph.com/
03:00 Bible Verse: Psalm 46:1-3
03:37 Today’s Gratitude Statement
04:31 Understanding Self-Employment Tax
05:38 Who Needs to Pay Self-Employment Tax?
06:25 Real-Life Example: Emily - The Freelance Writer
07:29 Calculating and Paying Self-Employment Tax
09:13 Reducing Your Self-Employment Tax Liability
14:15 Case Study: Jim's Story
17:53 Visit https://www.askralphpodcast.com/blog/ for Free Financial Resources
18:11 Reflection Questions
19:34 You Can Support the Show by Visiting https://askralphpodcast.com/support
20:42 Key Takeaways From Today's Show
21:42 Call to Action: Visit https://askralph.com/ to Book a Call With Ralph
22:22 Mailbag - Listeners’ Testimonials
23:58 Success Story: The Freelance Designer
27:00 Closing

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