How Does a 1099 Employee Work? Key Facts for Independent Contractors

You’ve probably heard the term “1099 employee” thrown around in gig economy discussions, but what does it actually mean for your taxes and career? With 36% of U.S. workers now participating in freelance work according to Upwork’s 2023 Workforce Report, understanding this classification is more crucial than ever. Let’s break down the realities of 1099 work without the legal jargon. [2020-10-28 02:34]