Self-Employed | The TurboTax Blog

Self-Employed

Is This Deductible? Business Clothes for the Self-Employed

April 6, 2017 / Jim Wang

When I first started working, I didn’t have what I’d call “work clothes”. Fortunately, I was working in a corporate office environment that only expected business casual. I could even wear jeans! I stopped by a local store to pick...

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Industries, Self-Employed

Tax Tips for “The Sharing Economy”

March 4, 2017 / TurboTaxBlogTeam

A laughing pretty chinese woman with a hat on driving somewhere with her friends in the backseat

How we perform our daily tasks and interact with one another is constantly changing. Many entrepreneurs and companies have been able to capitalize on these technology-driven opportunities, and have created a movement around sharing instead of owning. You may have...

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Self-Employed

How Much Can You Deduct for Self-Employed Expenses?

March 4, 2017 April 5, 2017 / TurboTaxBlogTeam

Running your own business as a #SelfMade entrepreneur gives you the ability to make business decisions based on your own budget and priorities. You can decide where you’d like to work, even if it’s at home in your own office...

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Expenses, Self-Employed

Can I Write Off Parking Tickets if I Drive for a Living?

February 24, 2017 / TurboTaxBlogTeam

Let’s say you’re driving for Lyft or Uber, and need to grab a coffee before picking up your next customer. The line is longer than expected, you are unable to get to the parking meter to feed in a few...

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Self-Employed

A Step-by-Step Guide to Managing Your Finances as a Freelancer

February 21, 2017 February 22, 2018 / Ashley Feinstein Gerstley

Pretty Caucasian woman sitting at her office deks and working on her laptop.

Managing your finances requires diligence even when you have a steady paycheck. Add in what comes along with being a freelancer — inconsistent income, the ups and downs of running your own business, and wearing many hats at once —...

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Self-Employed

4 Surprising Ways to be Self-Employed

February 15, 2017 March 13, 2017 / Steve Strauss

One winter, back when I was in college, I had a brainstorm for how to make some extra dough. I shared it with a few pals, they sort of agreed that it might work, and so I jumped in. The...

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Self-Employed

Forms 1040 and 1099? We explain the differences.

February 6, 2017 / Brie Weiler Reynolds

Depending on the industry, employees and freelancers may seem to do similar work, but their exact roles, their connections with a company, and their tax status are all very different. Naturally, this affects how a person might complete and return...

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Self-Employed

It’s National Get To Know Your Customers Day!

January 19, 2017 / Elle Martinez

Today is National Get to Know Your Customers Day! Being self-employed has been a wonderful experience. I not only get to work from home and have more time for my family, but I also get to work with clients and customers...

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Self-Employed

How To Manage Your Self-Employment Deductions Year Round

January 11, 2017 March 13, 2017 / Jim Wang

It’s tax time once again, and now is the right time to manage your self-employment tax deductions for the year behind and, even better, also for the year ahead. The job of managing and tracking business deductions is a little...

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Self-Employed

How Much are Medicare Deductions for the Self-Employed?

December 21, 2016 January 17, 2017 / Jim Wang

If you’re self-employed, you qualify for certain tax deductions as a result of paying for Medicare. When you are self-employed, you pay a “Self Employment Tax” on the net income that you earn from your own business, consisting of both the...

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