What tax forms do I need as a freelancer?
As a freelancer, you'll typically need to file a Schedule C (Form 1040) to report your income and expenses.
Do I need to pay self-employment tax?
Yes, if your net earnings are $400 or more, you'll need to pay self-employment tax using Schedule SE.
What about estimated tax payments?
Freelancers often need to make estimated tax payments quarterly using Form 1040-ES.
Are there any deductions I should be aware of?
Yes, you can deduct business expenses like home office costs, supplies, and travel related to your work.
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