What do freelancers need to know about taxes?
An example of an AI chatbot conversation about taxes for freelancers.
What do freelancers need to know about taxes?
Freelancers should understand their tax obligations, including estimated taxes, deductions, and record-keeping.
What kind of deductions can I claim as a freelancer?
You can claim deductions for home office expenses, supplies, software, and even a portion of your internet bill.
How do I calculate my estimated taxes?
To calculate estimated taxes, you can use Form 1040-ES, which helps you estimate your tax liability based on your income.
When are the tax deadlines for freelancers?
Freelancers typically need to file their taxes by April 15, and estimated tax payments are due quarterly.
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