What are the tax requirements for freelancers?

What are the tax requirements for freelancers?

Freelancers typically need to report their income and pay self-employment taxes. Are you looking for specific forms or deductions?

Yes, what forms do I need to file?

You'll generally need to file a Schedule C to report your income and expenses, and a Schedule SE for self-employment tax.

Are there any deductions I should be aware of?

Absolutely! Common deductions include home office expenses, business supplies, and travel costs related to your work.

How do I keep track of my expenses?

You can use accounting software, spreadsheets, or even apps designed for freelancers to track your expenses efficiently.