Tax Tips For Freelancers

February 4th, 2009 Nichelle

It’s February. By now you should have all your 1099s from your clients. If not, contact them immediately so you can get your taxes done.

First,  look at how much you made. Review the amounts on your 1099s. Then look at how you can deduct expenses to reduce your taxable income.

Freelance Switch has a good list of tax deductions.  Don’t forget that you can deduct income taxes paid in 2007.

Also, there’s  more taxes tips for freelancers on Mint.com’s blog.

Lastly, check out the IRS’ 1040 Central for news on Earned Income Tax Credit and eFiling.

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  • http://www.solecontrolsolutions.com/blog/ Internet

    This is the way things should be, get off what we are on now

  • http://www.worksathome.org Michael Work%9

    You made some good points there. I did a search on the topic and found most people will agree with your blog.