Tax guide

Do freelancers pay taxes?

Yes: Any income you earn is subject to tax, even if you work for multiple clients as a freelancer. It’s important to note that conducting a  hobby, activity or project as if it were a business qualifies you as self-employed.

Self-employed persons who expect to owe tax of $1,000 or more when they file are generally required to make estimated tax payments on a quarterly basis. In addition, you generally must pay self-employment tax (Social Security and Medicare taxes for the self-employed) as well as income tax.

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