1099 nec vs 1099 s freelancers If you’ve been freelancing for a while, you’re probably familiar with forms like the 1099-NEC and maybe even the 1099-K. But then — out of nowhere — you hear about Form 1099-S, and your brain instantly goes: “Wait, do I need to worry about that too?” Let’s break it … Read more
Home Office Deduction for Freelancers As more professionals shift to freelancing, the home office has transformed from a makeshift corner into a legitimate workspace. But can freelancers really claim home office deductions without raising red flags from the IRS? The short answer is yes — if you do it right. In this guide, we’ll walk … Read more
freelance tax rules by state Freelancing gives you the freedom to work from anywhere—but with that freedom comes the responsibility to understand how taxes work in your state of residence. Whether you’re sipping coffee in Seattle or hustling in Houston, each state has its own set of tax rules that can affect your take-home pay, … Read more
track tax deductible expenses as a freelancer If you’re freelancing and dreading tax season, you’re not alone. One of the biggest challenges many freelancers face is keeping track of tax-deductible expenses. Whether it’s software subscriptions, travel for client meetings, or your home office setup, every little deduction adds up. But here’s the thing: you don’t … 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
should freelancers pay themselves a salary As a freelancer, you’re not just the worker—you’re the business. That means managing your finances can get tricky. One of the most common questions among growing freelancers is:“Should I pay myself a salary, or just take money from my business account when needed?” The short answer? It depends on … Read more
Freelance tax deductions Freelancers enjoy more freedom than traditional employees, but with independence comes responsibility — especially at tax time. One of the biggest advantages of being self-employed is the ability to claim tax deductions for ordinary and necessary business expenses. However, many freelancers overlook valuable write-offs that could significantly reduce their taxable income. Missing … Read more
How to pay quarterly estimated taxes freelancer Freelancers and self-employed professionals quickly discover that managing taxes is not as straightforward as it is for traditional employees. Instead of having an employer withhold taxes from each paycheck, independent workers must take responsibility for sending estimated payments to the IRS throughout the year. These payments are commonly … Read more