The Independent Contractor Guide: 1099 Taxes Explained
Did you know that whether you’re an employee or an independent contractor, you pay for Medicare and Social Security through taxes? As an employee, you pay for it before you get your check. As an independent contractor, you pay for it after you receive all your revenue. This makes 1099 taxes more overwhelming than W-2 taxes. Let’s get into how 1099 taxes work, so you can file your taxes with confidence and keep your money away from the IRS. To help you maximize your tax savings immediately, we put together a simple checklist of 25 business expenses that you