The TurboTax Blog • Self-Employed

Self-Employed

Self Employment Taxes – How Much are They and What Do They Include?

June 22, 2017 July 24, 2019 / Ginita Wall, CPA, CFP®

You may have heard of self-employment tax and wondered if, and when, it might apply to you. The self-employment tax isn’t complicated: it’s a tax that is a combination of Social Security and Medicare taxes. But many people are confused...

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Self-Employed

Are You Self-Employed and Don’t Know? [INFOGRAPHIC]

May 31, 2017 September 7, 2017 / TurboTaxBlogTeam

For some, it’s easy to identify as a #SelfMade boss, but for others, the self-employed line may be a bit more blurry. Many people don’t even realize they are considered self-employed by the IRS! Use the handy guide below to find out...

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Self-Employed

Three Reasons to Track Finances Year Round When You’re Self-Employed

April 28, 2017 / Jim Wang

Being your own boss can be liberating and terrifying at the same time. You set your own hours, decide your path and keep what you earn. You are also responsible for finding new work, building relationships and you aren’t paid...

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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

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

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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