“Unlocking the Secrets of Self-Employment Taxes: Essential Tips Every Freelance Writer Must Know!”
A Schedule C Tax Form breaks down all the information you need to fill out as a freelancer. You’ll also come across forms like the 1099-NEC and the 1099-K that cover non-employee compensation and online payment deductions respectively.
If you have doubts about your tax filing, consult a tax advisor and they will take you through the process. They will ensure your returns are updated, and help you take advantage of all benefits.
Important Things to Remember
Don’t assume your earnings are too little to incur taxes. The IRS considers earnings of $400 and above taxable. Paying self-employed tax will keep you good in the government books.
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