How do freelancers file their taxes?
As a freelancer, you can file your annual income tax return online or in person with a tax preparer, but you must also make quarterly estimated tax payments if you expect to owe tax of $1,000 or more at the end of the year. These estimated payments ensure your tax liability is covered during the year.
To file your quarterly estimated taxes, refer to Form 1040-ES, Estimated Tax for Individuals.
To file your annual tax return, you can get started with 1040.com in January when your 1099-MISC forms come in.
