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How Trumpcare Will Impact Self-Employment

Small Business Labs

The quick summary is self-employed who are younger or have higher incomes will likely be better off under the Republican proposed American Health Care Act (AHCA, a.k.a. As the Kaiser Family Foundation chart below shows  (click to enlarge), there are winners and losers under the ACHA as currently proposed. Trumpcare).

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The New Tax Law: Freelancers Win on Taxes, Lose on Healthcare

Small Business Labs

That proposed bill tightly limited who could take advantage of the pass-through provision. This deduction, coupled with new, lower tax rates means most freelancers should pay less in Federal taxes in 2018 than they would have under the former tax code.   This is a major change from the original House bill. This is not good news. 

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