Saturday, January 19, 2013

What Freelancers Need to Know About Income Taxes

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If you’re a freelancer in the United States, it’s time to think about income taxes again.

There are some major differences between filing U.S. income taxes as an employee and filing them as a freelancer. Often, these differences take new freelancers by surprise–but it doesn’t have to be that way.

If you’re a new to freelancing this year, or if you just need a reminder about some of the tax differences–this post is for you. I’ll outline some of the major tax differences for freelancers.

(Note: This post is not specific income tax advice for your situation. Rather, consider it to be a very general overview of some tax issues that many freelancers faced when this post was written.)

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