How do I handle taxes as a freelancer?
As a freelancer, you need to track your income and expenses carefully. It's important to keep records of all your earnings and any business-related expenses.
What expenses can I deduct from my taxes?
You can deduct expenses like home office costs, supplies, software, and travel expenses related to your work.
Do I need to pay estimated taxes?
Yes, freelancers typically need to pay estimated taxes quarterly to avoid penalties. It's best to set aside a portion of your income for this.
What forms do I need to file?
You'll usually need to file a Schedule C to report your income and expenses, and a Schedule SE for self-employment tax.
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