If you are a freelancer in the United States you will eventually receive a 1099 form. The 1099 series of…
Everything gig workers need to know about taxes from quarterly estimated payments and self-employment tax to maximizing deductions and avoiding common filing mistakes. Written for freelancers, independent contractors, and platform workers.
Taxes are the single biggest financial shock new freelancers face. When you are an employee your employer withholds federal income…
As a freelancer, you are responsible for not just accumulating retirement savings but also managing withdrawals tax-efficiently in retirement. The…
Health Savings Accounts are one of the most powerful financial tools available to freelancers. They offer triple tax benefits: tax-deductible…
Investing as a freelancer is different from investing as a salaried employee. Your income is inconsistent, you have no employer…
Tax deductions reduce your taxable income. Tax credits reduce your tax bill dollar for dollar. A $1,000 deduction saves you…
Tax deductions are a freelancer’s best friend. But claiming them means being ready for IRS scrutiny. If you follow basic…
One of the biggest financial decisions you will make as a freelancer is how to structure your business. Should you…
Freelancers do not have employer-sponsored 401(k) plans, but that does not mean we cannot save aggressively for retirement. In fact,…
If you are new to freelancing, estimated taxes are probably the most confusing part of your financial life. When do…