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From office supplies to mileage and home office expenses, these deductions lower the profit subject to income tax and self-employment tax.—David Schepp, Encyclopedia Britannica, 2 Apr. 2026 In addition, the wages are fully deductible as a business expense, reducing both income tax and self-employment tax exposure.—Medora Lee, USA Today, 15 Mar. 2026 This meant that Sirius reported zero net earnings from self-employment in each year.—Kelly Phillips Erb, Forbes.com, 20 Jan. 2026 Typically, quarterly payments apply to income without tax withholdings, such as earnings from self-employment, freelancing or gig economy work.—Kate Dore, Cfp®, Ea, CNBC, 15 Jan. 2026 See All Example Sentences for self-employment