“Unlocking the Secrets of Self-Employment Taxes: Essential Tips Every Freelance Writer Must Know!”
Even if you’re making less than $1000, and freelance as a side hustle, it’s still advisable to file returns and be transparent with the revenue service. In this case, you won’t need to make quarterly payments, but only report your annual earnings.
Why Is the Self-Employed Tax Beneficial for Freelance Writers?
Keeping detailed records of your income and deductions will help you stay organized throughout the year. But it’s not only your income account that is important, as a writer, you make payments for your Internet, research materials, computer hardware, self-employed health insurance, subscriptions, software, online publications, and even some food.
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