Daniel Brooks 
The home office deduction lets freelancers deduct part of their housing costs when they work from home. You can calculate it in two ways, and picking the right one can be worth thousands of dollars a year. The home office is one of the most valuable freelancer tax deductions, because it lowers both your income … Read more
Freelancer tax deductions are business expenses you can subtract from your income before you pay tax. Every legitimate expense lowers both your income tax and your 15.3% self-employment tax, so missing them is like paying the IRS a tip. The IRS rule is simple: you can deduct any expense that is ordinary (common in your … Read more
The safe harbor rule is the IRS’s promise that you won’t pay an underpayment penalty, as long as you pay a minimum amount on time during the year. For freelancers with unpredictable income, it’s the single most useful rule for quarterly estimated taxes. The key word is penalty. The safe harbor protects you from the … Read more
The estimated tax due dates for the 2026 tax year are April 15, June 15 and September 15, 2026, and January 15, 2027. Miss one and the IRS starts charging interest on what you owe, even if you pay everything in April. Below you’ll find the dates for 2026 and 2027, the other tax deadlines … Read more
Quarterly estimated taxes are how freelancers pay the IRS during the year, since no employer withholds tax from their income. Instead of one big bill in April, you send four payments, each covering part of the year’s income tax and self-employment tax. Quick answer: If you expect to owe $1,000 or more when you file, … Read more
The best tax software for freelancers is the one that handles Schedule C and self-employment tax without charging you for features you don’t need. Prices for self-employed filing range from $0 to more than $200 once you add a state return, so the right choice can save you real money. In this guide, we compare … Read more
Side hustle taxes surprise a lot of people with a full-time job, because the extra income is taxed more heavily than they expect. Your paycheck already has taxes withheld. Your freelance money doesn’t, so you have to plan for it yourself. Quick answer: Your side income faces two taxes: income tax at your highest income … Read more
If you freelance, this guide shows you how to fill out Schedule C line by line, from your first dollar of income to the net profit you’ll pay tax on. Schedule C (Form 1040), Profit or Loss From Business, is the form where sole proprietors and single-member LLC owners report what they earned and what … Read more
Every January, freelancers start receiving tax forms with almost identical names, and the 1099-NEC vs 1099-K question is usually the first one that comes up. For example, you might get a 1099-NEC from one client, a 1099-K from PayPal or Stripe and, occasionally, a 1099-MISC. As a result, it’s easy to assume they’re interchangeable or … Read more
Free self-employment tax calculator for 2026 Use this free self-employment tax calculator to see how much self-employment tax you’ll owe for 2026, plus an estimate of your federal income tax and what to pay each quarter. It takes about 30 seconds and you don’t need to sign up. Employees never see this tax because their … Read more