If you’re freelancing in 2025, there’s one phrase you’ve probably heard over and over — taxable income. But what actually counts as taxable income when you’re self-employed? Does every dollar you earn get taxed? What about reimbursements, tips, or money from side projects? These are questions nearly every freelancer asks, especially around tax season. In … Read more
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
Are Freelancers Self Employed? Whether you call yourself a freelancer, consultant, or self-employed professional, one thing is certain — the IRS calls you a business owner. And that means your taxes work differently from traditional employees. Yet many new freelancers are confused: Is there really a difference between “self-employed tax” and “freelancer tax”?The short answer … Read more
How to file freelance taxes for the first time Starting your freelance journey is exciting — but when tax season comes, confusion hits hard. Unlike traditional employees who get W‑2 forms and automatic withholdings, freelancers handle their own taxes. If this is your first time filing freelance taxes, you’re not alone. In this guide, we’ll … Read more