Freelance Taxes
Freelance Taxes
Out of context: Reply #12
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- mrbee28280
Get an accountant. It will be worth the $200 or so it will cost. If you're serious, then you have enough to deal with the first year without fucking up with uncle sam. Using some round numbers... if you make $100k in a year you're in a 25% tax bracket. If you're freelancing full time then you are self employed which means you have to pay self employment tax (medicare etc) so you can tap on another 15%. 25% + 15% = 40%!!!!!! Get an accountant and save ever receipt for everything you buy... down to bubble gum.