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Vermont Tax Department Explains Self-Employment Income Taxation

Dated May 11, 2021

Citations: Pub. FS-1278

SUMMARY BY TAX ANALYSTS

The Vermont Department of Taxes issued a fact sheet on self-employment taxation to define the term "self-employment" and to clarify what taxes self-employed individuals are required to pay directly to the government; the guidance also explains how to file and pay self-employment taxes, and notes that self-employed individuals who are currently not working because of COVID-19 may qualify for pandemic unemployment assistance.

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