How do I handle taxes as a freelancer?
An example of an AI chatbot conversation about freelance taxes and filing requirements.
How do I handle taxes as a freelancer?
As a freelancer, you need to report your income and pay self-employment taxes. It's important to keep track of your earnings and expenses.
What expenses can I deduct from my freelance income?
You can deduct expenses like home office costs, supplies, software, and travel related to your work.
When is the deadline for filing my taxes?
Typically, the deadline for filing your taxes as a freelancer is April 15th. However, you can file for an extension if needed.
Do I need to make estimated tax payments?
Yes, freelancers often need to make estimated tax payments quarterly to avoid penalties.
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