Freelance Taxes 101: Complete Beginner’s Guide for 1099 Workers (2026)
Freelance Taxes 101 Freelance taxes work differently than traditional employee taxes — and understanding those differences is essential if you earn money as a freelancer or independent contractor. The IRS treats freelancers as self-employed, which means you’re responsible for reporting income, paying self-employment tax, making quarterly estimated payments, and tracking business deductions on your own. … Read more