Self-Employed Starter

You pay income tax AND self-employment tax (Social Security + Medicare) on net business profit, reported on Schedule C with Schedule SE.

No employer withholds for you: pay quarterly estimated taxes (Form 1040-ES) to stay in the safe harbor and avoid underpayment penalties.

Deduct ordinary and necessary business expenses; keep records as you go — the Tax Passport vault is built for exactly this.

Retirement timing (SEP-IRA / Solo 401(k)) and the home-office simplified option are covered in the Deduction Library.

Florida note: Florida has no state income tax — your state layer is federal only, plus any local business taxes that apply to you.