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How to Pay Taxes as a 1099 Employee: A Step-by-Step Guide for Freelancers

How to Pay Taxes as a 1099 Employee: A Step-by-Step Guide for Freelancers

Did you know 43% of freelancers underpay their taxes in their first year? As a 1099 employee, you're essentially running a one-person business - but without HR walking you through W-4 forms. The IRS collected $7.2 billion in self-employment tax penalties last year alone. Let's break down what you actually owe and how to keep more money in your pocket. [2024-12-04 15:26]