Working as a freelancer can be a tough racket. In addition to the unpredictability of your earnings, you’ll miss out on certain benefits that a major employer can offer, such as health insurance . On the plus side, the IRS views freelancers as business owners. This means you can take advantage of a whole slew […]
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Image source: Getty Images All of these need a place on your list. Key points Freelancers need to pay estimated taxes, so it’s important to keep money in savings to pay those bills. Freelancers can deduct business expenses, so you’ll need solid records of what yours entail. Freelancers can often benefit from the help of […]
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There are many perks of working as a freelancer, one of the best being that you set your own schedule and work anywhere in the world. But the least favorite part in any freelancer’s career is tax season. Tax season means needing to keep track of all your business expenses and make an estimated tax […]
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How To Get More Money Back On Your Taxes: A Guide For Freelancers 1 Did you recently start a freelance job that allows you to work from home and be in charge of your own schedule? Are you unsure of how this affects the taxes that you have to pay? If so, then it’s important […]
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More and more people are turning to freelance work to either supplement their income or as their full-time career. But while joining the gig economy can boost your bank account and let you pursue a variety of interesting projects, it also comes with some extra responsibilities. Not only must freelancers track down their own clients, […]
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Image source: Getty Images Being a freelancer or gig worker can be rewarding, but it can be easy to make poor financial decisions. These tips will set you up for success. According to a study conducted by Upwork and Freelancers Union, 57 million Americans freelanced in 2019. It’s likely that this number will only continue […]
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Freelancing — the word rings in the thought of working at your convenience, setting up shop anywhere, and direct exposure to clients. Freelancers get paid based on their contract and may also incur expenses in carrying out the assignment. Keeping track of payments from multiple assignments and hence paying taxes can sound cumbersome, so we […]
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This spring, taxpayers will file their first returns since Congress overhauled the tax code a little over a year ago. Freelancers could find a lot to cheer. One of the 2017 Tax Cuts and Jobs Act’s biggest perks is a new 20% deduction on so-called pass-through, or qualified business, income available to anyone who is […]
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