“Unlocking the Secrets of Self-Employment Taxes: Essential Tips Every Freelance Writer Must Know!”
How Does The Self-Employed Tax Credit Work?
For instance, if you earn $3000 from freelance work in a given year, you’re responsible for paying taxes on these earnings. For a 15.3% deduction, you’ll pay $459 on a $3,000 earning.
It’s best to set aside taxes on all your earnings and pay them off quarterly, so you’re not blindsided by a massive tax bill at the end of the year. Quarterly seasons means filing returns from January through March, April through May, June through August, and September through December.
Post Comment