Small Business Tax Season

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Latest Small Business Tax Season news freshly curated for you as of 11 p.m. ET Feb. 28. Learn more about innovative developments, discover emerging trends and read expert perspectives.

Today's Highlights

Overview component
  • Even if total income is low, self-employed individuals must file a tax return if they have net earnings of at least $400 to cover self-employment taxes.
  • Form 1099-NEC is now standard for reporting independent contractor payments, which can trigger a 15.3% self-employment tax on top of income taxes.
  • Small businesses are navigating a complex 2026 with SBA lending changes, 8(a) program recalibration, and uncertainty from delayed federal budgets.
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Tax Breaks: The Slow Down, Double-Check Edition

Plus: Social Security benefits, IRA contributions, AI and the IRS, tax season filing statistics, Taxes From A to Z, tax filing deadlines, tax trivia and more.

ByKelly Phillips Erb,

Forbes Staff

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IRS Filing Season Still Trails 2025, But Refunds Are Up More Than 10%

Tax returns received and processed remain slightly below last year’s pace, even as the average refund climbs to $3,804.

ByKelly Phillips Erb,

Forbes Staff

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What The 2026 State Of The Union Signals For Small Business

What the 2026 State of the Union means for small businesses navigating delayed budgets, regulatory changes and economic pressure.

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European CEOs Are Digitizing Everything – Except Money

Digital transformation often ignores payment architecture. Here’s why digital central bank money belongs on the agenda and what it means for Europe’s competitiveness.

ByESMT Berlin,

Contributor

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'Trying To Tax Us Into Oblivion': Top NYC Republican Hammers Mamdani's Preliminary Budget

On "Forbes Newsroom," Republican NYC City Councilmember and Minority Leader of the New York City Council David Carr discussed NYC Mayor Zohran Mamdani's proposed budget.

ByForbesTV,

Forbes Staff

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One-Third Of Income Tax Revenue Goes For Interest On Government Debt

In a decade, the government will send an amount equal to nearly half the income taxes you pay to its bondholders. That money won't be available for programs or tax cuts.

ByHoward Gleckman,

Contributor

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Do You Need To File A 2025 Tax Return? And If Not, Should You Anyway?

Even if you’re below the income threshold for 2025, tax credits and excess withholding could result in a tax refund, making filing a tax return worth your time.

ByKelly Phillips Erb,

Forbes Staff

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How To Unlock Millions Of Business Value Without Selling Your Company

Stop playing "not to lose." Learn the BOLD strategy to unlock millions in business value and secure your future without selling your company or giving up control.

ByLewis Schiff,

Contributor

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Six Entrepreneurs Making Their Fintech 50 Debut In 2026

Their startups do everything from giving consumers budgeting tips to testing traders’ software for errors that could cost hundreds of millions of dollars.

ByJeff Kauflin,

Forbes Staff

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Companies Continue To Shift Away From SaaS

Also in the Forbes CIO newsletter: How to progress in your data journey, parsing whether AI is killing jobs, Seedance 2.0 brings new light to AI copyright issues.

ByMegan Poinski,

Forbes Staff