Taxes (Employer & Freelance)
Taxes (Employer & Freelance)
Out of context: Reply #5
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- Jebus0
30% is safe amount.
Do yourself a favour, get a financial adviser. Ever since working with one I get so much more back at tax time. They know all the little ins and outs that will get you the best return.
For example, in Canada at least... it's in your best interest to take a loss on your freelance. If you can work it so that your expenses outweigh your income you won't have to pay tax on what you earned and will actually get a refund for it.
You also mentioned this is your first time filing in the US, you should be able to write off all of your moving expenses as well.
I <3 my financial adviser!