The TurboTax Blog • Self-Employed

Self-Employed

Tax Tips for Self-Employed Personal Trainers

July 1, 2019 July 24, 2019 / Jim Wang

The article below is up to date based on the latest tax laws. It is accurate for your 2019 taxes (filed in 2020) and 2018 taxes, which should be filed by the April 15th, 2019 (or October 2019 with filed...

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Self-Employed

Self-Employed? Here’s Everything You Need to Know About SEP IRAs

June 26, 2019 August 28, 2019 / Jim Wang

If you are self-employed, and looking for one of the most generous retirement plans possible, you need to consider a SEP IRA. This type of plan is best for self-employed individuals or small business owners with no employees. At its...

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Self-Employed

7 Tax Deductions for Wedding Planners

May 24, 2019 July 22, 2019 / Jim Wang

Are you a wedding planner? Wedding planners are in a unique business, which means you’ll have business expenses specific to the work you do which can lower your taxable income. Below we’ve shared seven tax deductions you don’t want to...

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Self-Employed

Self-Employed Tax Tips & Summer Jobs

May 16, 2019 July 12, 2019 / Ginita Wall, CPA, CFP®

Ah, summer – the time of year when some people dive into entrepreneurship. Whether it’s a summer job, a part-time gig, a side-hustle or a small business, you may be considered self-employed. If that’s you or someone you know, here...

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Self-Employed

Side-hustler to Top Boss? How To Leverage Your Tax Refund To Get Your Business Started

April 23, 2019 January 13, 2020 / Jim Wang

Last tax season, the average direct deposit tax refund was more than $3,000. If you are expecting a tax refund this tax season and you’ve been thinking about starting a side hustle or self-employed business, that kind of money can...

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Self-Employed

Making Money by Streaming Your Gaming Sessions? Here’s What It Means for Your Taxes

April 15, 2019 July 11, 2019 / TurboTaxBlogTeam

Did you know that some streamers make up to $500,000 per month live streaming their gameplay on Twitch, Facebook, or YouTube? While you may not be making quite that much, if you’re a gamer regularly earning any income from streaming,...

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Self-Employed

5 Tools Every Business Should Start With

April 12, 2019 June 21, 2019 / TurboTaxBlogTeam

This article was written by our partner, Square. If you’ve recently started a business, you’ve become accustomed to making decisions every day that affect your business. And with every decision, you’re trying to make it as successful as possible. You...

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Self-Employed

The TurboTax Guide to Avoiding Estimated Tax Penalties

April 10, 2019 April 11, 2019 / Jim Wang

If you’re self-employed, estimated taxes are a part of your business life. This means you may need to send quarterly estimated taxes four times a year (in April, June, September, and January). Your taxes require a different kind of attention...

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Self-Employed

6 Tips to Help Side Hustlers and Self-Employed Bosses Stay On Top of Their Taxes

March 18, 2019 March 19, 2019 / TurboTaxBlogTeam

Drive for a ride-sharing company or sell homemade trinkets on Etsy as a way of pocketing a little extra cash? If you are side hustling on an ongoing basis and your goal is to make a profit you are considered...

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Self-Employed

Snap A Pic of These Tax Deductions Photographers Can Take

March 13, 2019 March 14, 2019 / Jim Wang

One of the most lucrative side hustle businesses to start is a photography business. With the right amount of training and equipment, anyone can be a photographer. There are no licensing rules and few relevant certifications — it basically comes...

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