Freelancing Tax Season Challenges
This is a U.S. news story, published by Mashable, that relates primarily to IRS news.
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own taxesMashable
•Business
Business & Economics
The best tax software for freelancers, independent contractors, and gig workers
78% Informative
Self-employed freelancers face a unique set of challenges when it comes to filing an annual return.
The 15.3% federal self-employment tax you’re required to pay if you earned at least $400 from your freelance work.
Tax software is a type of software program that’s designed to guide users through the process of preparing and filing their returns.
Freelancers can write off way more work-related expenses than the average employee.
Budget for around $105 for your federal return and about $50 for every state return.
The IRS ' Free File program is free for freelancers under $84,000 a year.
The standard U.S. firm charges an average of $ 343 for an itemized Form 1040.
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