If you work on your own and you are not an employee, you will pay taxes a little differently than employees do. As such, you may be able to deduct expenses, like home office expenses and/or gas and mileage on your tax return. Additionally, those who perform freelance work are generally signed to work on a contract. If you pick up and deliverer groceries as a job, drive passengers from place to place, or pick up food orders for someone, you may be employed as an independent contractor. These are independent contractors who, instead of receiving a W-2 with taxes withheld, receive a 1099-MISC or 1099-NEC for their work. Many companies hire workers on contract for certain kinds of work. Estimated tax payments - for more extensive details, see who needs to make estimated tax payments. The Qualified Business Income (QBI) Deduction.The difference between a self-employed person, a contract employee, and a wage employee.Keep up to date with the third stimulus payment and how to claim it on your 2021 return via the Recovery Rebate Credit. If you worked as a contractor for a federal agency but were unable to work due to facility closures and/or other restrictions, you might be able to receive reimbursement for paid leave as a result of the second stimulus program. Learn about the Pandemic Unemployment Assistance (PUA) program and unemployment benefits for self employed taxpayers as a result of the second stimulus payment package. Self-Employed, Independent Contractors, and Taxes
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