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Started</button></div></div></ul><div class="Navbar_navbar__hamburger__UxSXb "><div class="Navbar_line1__aQhXC"></div><div class="Navbar_line2__ldSkE"></div></div></div></div><div class="mt-16 false bg-black text-white"><div class="md:text-white md:bg-[#0d0f0f] md:mt-16 md:flex md:flex-col md:justify md:items-center"><div class="hidden md:block relative z-30 overflow-hidden bg-[#0D0F0F] w-full pt-14 text-center pb-[50px] border-b border-[#333333]/60"><div class="absolute bg-[#0D0F0F] w-full h-[150px] -top-[80px]" style="filter:blur(29px)"></div><div class="relative z-10 font-extrabold text-[32px] leading-[40px] h-10 whitespace-pre-line "><h2>1099 Tax Calculator</h2></div><div class="relative z-10 text-xl mt-1 h-7 text-[#A5A5A5]">Find your 1099 taxes</div><div class="absolute bg-[#0D0F0F] w-full h-[150px] top-[208px]" style="filter:blur(29px)"></div><div class="absolute top-0 left-0 right-0 -z-1 h-full w-full -mt-10 mt-0"><div class="relative w-[100vw] h-full flex items-center 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style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></div></div></div><div class="hidden md:block relative z-30 overflow-hidden bg-[#0D0F0F] w-full text-center border-b border-[#333333]/60"></div><div class="z-999 relative block md:hidden"></div><div class="false"><div class="relative text-white bg-[#0D0F0F] md:bg-[#121212] md:border-[#333333]/60 md:border md:rounded-2xl md:overflow-hidden md:w-[532px] md:h-[532px] md:-top-10 md:relative md:z-30 false undefined"><div class="relative flex flex-col gap-2 overflow-y-scroll min-h-[calc(75vh-200px)] md:min-h-fit md:h-[440px] md:gap-1 "><div class="flex flex-col gap-2 md:gap-1 pt-7 px-4 md:px-6"> <span class="text-[#FFC94A] text-[13px]">Step 1/4</span><div><div class="undefined w-full h-full flex flex-col justify-start py-4 pt-0 md:mb-8 mb-6"><div class="mb-4 md:mb-[18px] w-full"><h3 class="df:font-bold text-2xl font-semibold text-xl text-white">Are you self-employed?</h3><p style="color:#A5A5A5" class="mt-2 text-grey-300 font-light text-base lg:text-lg lg:leading-[22px]">This includes freelancers and business owners.</p></div><div class="md:hover:border-ff-green my-[6px] md:py-3 bg-grey-500 border border-black-dark df:md:hover:border-black-dark text-white-light w-full flex gap-3 py-4 pl-2 rounded-xl cursor-not-allowed lg:cursor-pointer border bg-black-footer border-black-footer "><div class="w-full flex flex-col gap-4"><div class="flex gap-3 px-2 items-center"><div><svg width="24" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect x="0.75" y="0.75" width="22.5" height="22.5" rx="11.25" stroke="#A5A5A5" stroke-width="1.5"></rect></svg></div><div class="flex justify-between items-center w-full"><div><p class="text-left text-grey-250">Yes</p></div></div></div></div></div><div class="md:hover:border-ff-green my-[6px] md:py-3 bg-grey-500 border border-black-dark df:md:hover:border-black-dark text-white-light w-full flex gap-3 py-4 pl-2 rounded-xl cursor-not-allowed lg:cursor-pointer border bg-black-footer border-black-footer "><div class="w-full flex flex-col gap-4"><div class="flex gap-3 px-2 items-center"><div><svg width="24" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect x="0.75" y="0.75" width="22.5" height="22.5" rx="11.25" stroke="#A5A5A5" stroke-width="1.5"></rect></svg></div><div class="flex justify-between items-center w-full"><div><p class="text-left text-grey-250">No</p></div></div></div></div></div></div></div></div></div><div class="flex flex-col w-full"><div class="border-t border-[#333333]/60 w-full"></div><div class="items-center flex justify-center"></div><div class="hidden md:flex justify-between items-center h-[92px] px-6 "><div class="ml-auto mr-0 df:shadow-none df:text-lg df:text-black relative min-w-[190px] transition-all duration-[80ms] ease-[cubic-bezier(0.33, 1, 0.68, 1)]"><button class=" bg-[#555555] opacity-100 cursor-auto text-black-120 py-3 px-2 text-base font-semibold w-full h-12 rounded-lg flex justify-center items-center gap-1 cursor-not-allowed px-12 h-[51px] rounded-xl df:cursor-not-allowed df:md:cursor-not-allowed !px-4">Next</button></div></div></div><div class="md:hidden overflow-hidden pb-6 px-4"><div class="-mx-4 w-[500px] h-8 bg-screenwrapper-btn-gradient"></div><div class="text-[#121212] df:rounded-lg df:shadow-none"><button class=" bg-[#555555] opacity-100 cursor-auto text-black-120 py-3 px-2 text-base font-semibold w-full h-12 rounded-lg flex justify-center items-center gap-1 cursor-not-allowed transition-opacity ease-in duration-200 opacity-100 active:opacity-20 ">Next</button></div></div></div></div></div></div><div class=" mx-auto"><div class="bg-white-light pt-14"><div class="px-4 lg:px-0"><div class="lg:w-[49.13rem] md:mx-auto"><h1 class="md:text-4xl md:!leading-12 text-2xl w-full font-extrabold text-grey-500 mb-6">About <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">1099 Taxes </span></h1> <div class="my-4"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500">If you are self-employed or run a side hustle, you must file Form 1099. It is an important tax document that details any earnings you receive outside of the salary paid by an employer. You’ll also need to calculate your 1099 taxes, and a 1099 tax calculator is just the tool you need for this. We’ll break down how to use the calculator and maximize your tax savings.</div></div><div class="py-2 flex flex-col gap-4"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500"><span class="text-2xl font-semibold mt-4">Key takeaways:</span> <ul class="list-disc lg:pl-8 pl-4"><li class="md:text-xl text-base">Freelancers and self-employed individuals pay taxes on 1099 income</li><li class="md:text-xl text-base">There are several types of 1099 forms to report different kinds of income</li><li class="md:text-xl text-base">1099 forms are used to file income taxes at the end of the year</li><li class="md:text-xl text-base">A 1099 taxes calculator is a useful tool for independent contractors</li> </ul></div></div></div><div class="mt-4"><div class="flex flex-row gap-4 cluster_swiper-container"><div class="swiper w-full mySwiper"><div class="swiper-wrapper"><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed swiper-slide-duplicate" data-swiper-slide-index="67"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Is there a self-employed tax calculator for California?</p><p class="text-[#212121] pt-3 text-base font-normal">You can use this <a href="https://flyfin.tax/self-employment-tax-calculator" class="font-medium underline">self-employed tax calculator</a> to calculate SECA tax for California. The tax rate for independent contractors in California is 15.3%, just like every other state.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed swiper-slide-duplicate" data-swiper-slide-index="68"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Do I have to pay 1099 taxes if my income is less than $5,000?</p><p class="text-[#212121] pt-3 text-base font-normal">Even if your income is less than $5,000, you will still need to report and pay taxes on your 1099 income. SECA tax is paid on earned income over $400. You can lower taxable income with a business write-off calculator.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="0"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much taxes do I owe on parking tickets?</p><p class="text-[#212121] pt-3 text-base font-normal">Parking tickets are not tax-deductible. The IRS does not allow traffic fines or penalties to be written off on 1099 employee taxes.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="1"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Will my car payment lower my 1099 employee taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">You can deduct the business portion of loan interest and lease interest if you use your car for business. If you own a car solely for operating your business, you can write off 100% of the expenses using the <a href="https://flyfin.tax/standard-mileage-vs-actual-expenses" class="font-medium underline">actual expenses method</a>.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="2"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can I deduct my health insurance premiums from my 1099 contractor taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">Self-employed individuals may be able to deduct their health insurance premiums as an adjustment to income only if they meet certain criteria.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="3"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much do I pay in taxes if I work from home?</p><p class="text-[#212121] pt-3 text-base font-normal">1099 employees who work from home can write off <a href="https://flyfin.tax/itemized-deductions/office-expense-deduction" class="font-medium underline">home office expenses</a>, utilities, internet fees, and even your home office space as tax deductions to lower their 1099 taxes.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="4"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Is car insurance tax-deductible for self-employed individuals?</p><p class="text-[#212121] pt-3 text-base font-normal">Self-employed individuals may be able to deduct a portion of their car insurance expenses if they use their vehicle for business purposes and lower their 1099 employee tax.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="5"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much taxes will I owe as a freelance truck driver?</p><p class="text-[#212121] pt-3 text-base font-normal">Self-employed truck drivers will have to pay SECA tax if they make over $400 a year. 1099 tax deductions for a truck driver may include fuel costs, maintenance expenses, truck lease payments, tolls, meals, and other travel expenses. You can use a <a href="https://flyfin.tax/1099-tax-calculator" class="font-medium underline">truck driver tax calculator</a> to help you with this.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="6"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can rent be tax-deductible?</p><p class="text-[#212121] pt-3 text-base font-normal">If you use a portion of your rented space for business purposes, you may be able to deduct that portion of the rent as a business expense. While this will not lower your 1099 income tax rate, it can reduce your taxable income.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="7"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Should expenses be included in a 1099 form?</p><p class="text-[#212121] pt-3 text-base font-normal">A 1099 form is used to report income paid to independent contractors and/or freelancers. 1099 expenses should be reported on <a href="https://flyfin.tax/tax-forms/schedule-c" class="font-medium underline">Schedule C</a>. To pay the 1099 self-employment tax, you will need all your 1099 forms, Schedule C, Schedule SE and Form 1040.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="8"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Will home improvements reduce my 1099 contractor taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">Home improvements that make your home more energy-efficient or accommodate medical needs, can reduce 1099 taxes. However, general home improvements for personal purposes are typically not tax-deductible.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="9"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can home repairs be tax-deductible?</p><p class="text-[#212121] pt-3 text-base font-normal">Generally, home repairs are not tax-deductible, but certain <a href="https://flyfin.tax/tax-deduction/home-and-capital-improvements" class="font-medium underline">home improvements</a> may qualify for a tax deduction. You can use a tax calculator for the self-employed to find out how you can write off. </p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="10"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Are school fees tax-deductible?</p><p class="text-[#212121] pt-3 text-base font-normal">School fees, such as tuition for primary and secondary education cannot be written off from freelance income tax. However, you could apply for a Child Tax Credit to help pay for school and other childcare expenses.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="11"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can college tuition be tax-deductible from 1099 self-employment tax?</p><p class="text-[#212121] pt-3 text-base font-normal">You may be eligible for certain education-related tax deductions or credits for college tuition expenses. You can use a tax credit like the<a href="https://flyfin.tax/tax-credits/education-credit" class="font-medium underline"> American Opportunity Tax Credit or the Lifetime Learning Credit</a> for this.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="12"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Does property tax affect my 1099-NEC tax rate?</p><p class="text-[#212121] pt-3 text-base font-normal">You can deduct property tax in the year it is paid, as long as you itemize your deductions. 1099 workers can do this and still itemize their business expenses as property taxes only affect federal income tax.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="13"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can I write-off an IRA contribution as a 1099 tax deduction?</p><p class="text-[#212121] pt-3 text-base font-normal">You can take 100% of <a href="https://flyfin.tax/itemized-deductions/retirement-plan-contribution-deduction" class="font-medium underline">traditional IRA contributions</a> as a self-employed tax deduction if you (or your spouse) are not part of any other retirement plans. </p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="14"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Are GoFundMe donations tax-deductible?</p><p class="text-[#212121] pt-3 text-base font-normal">GoFundMe donations may be written off 1099 employee tax if they are made to qualified charitable organizations recognized by the IRS. However, not all campaigns on GoFundMe qualify, so it's important you verify the eligibility of the donor.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="15"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can I use a business write-off calculator to deduct donations?</p><p class="text-[#212121] pt-3 text-base font-normal">Yes, tax calculators can find deductible <a href="https://flyfin.tax/tax-deduction/charitable-contribution" class="font-medium underline">charitable contributions</a> made to qualifying organizations. You can deduct charity donations even if you donate physical items rather than money. Taxpayers can claim this expense if they itemize their deductions on Schedule A.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="16"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Are benefits a self-employed tax deduction?</p><p class="text-[#212121] pt-3 text-base font-normal">Certain employee benefits may be tax-deductible only for W-2 employees. Self-employed individuals cannot deduct benefits from their 1099 employee tax.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="17"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. What expenses can I deduct from a business trip?</p><p class="text-[#212121] pt-3 text-base font-normal">Paying taxes as a 1099 employee means you can deduct common <a href="https://flyfin.tax/tax-deduction/charitable-contribution" class="font-medium underline">expenses for a business trip</a> like transportation, lodging, meals, and certain incidental expenses directly related to your business activities. Make sure you keep your receipts when you claim this deduction. </p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="18"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. What taxes does a 1099 employee pay working as Uber and Doordash drivers?</p><p class="text-[#212121] pt-3 text-base font-normal">Uber and Doordash drivers have to pay SECA tax and federal and state income taxes, if necessary. They may be eligible to deduct various business-related expenses, including mileage, vehicle maintenance, phone and internet costs, and parking fees to lower their 1099 employee tax.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="19"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How to figure out self-employment tax with medical expenses?</p><p class="text-[#212121] pt-3 text-base font-normal">There are many <a href="https://flyfin.tax/tax-tips/top-20-medical-deduction" class="font-medium underline">medical deductions</a> that 1099 workers can deduct to lower their taxes. The IRS has a more detailed list on their website.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="20"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can I deduct gifts to family from my 1099 taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">Generally, gifts to family or individuals are not tax-deductible so it will not affect your 1099 income tax rate.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="21"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Is all 1099 income subject to self-employment tax?</p><p class="text-[#212121] pt-3 text-base font-normal">Not all 1099 income is subject to self-employment tax. Whether you owe self-employment taxes or not depends on the nature of your income and whether you meet other eligibility criteria.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="22"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How does a 1099 employee pay taxes after deducting internet costs?</p><p class="text-[#212121] pt-3 text-base font-normal">1099 contractors using the internet for business purposes can deduct a portion of <a href="https://flyfin.tax/itemized-deductions/internet-and-phone-deduction" class="font-medium underline">internet expenses</a> as a business write-off on Schedule C. This will lower your taxable income and can lower your tax amount. </p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="23"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can I write off phone bill for 1099 taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">As a 1099 contractor, you can deduct a portion of your phone bill as a business expense if you use it for business purposes. You can use a tax write-off calculator to help find tax-deductible phone expenses.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="24"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Are marketing expenses tax-deductible for 1099 taxpayers?</p><p class="text-[#212121] pt-3 text-base font-normal"><a href="https://flyfin.tax/blog/top-15-tax-deductions-and-benefits-for-the-self-employed" class="font-medium underline">Marketing expenses</a> incurred for promoting your business can be tax-deductible when filing freelance income tax. This can include hiring a social media manager, website expenses, and promotional materials. </p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="25"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Does mileage affect 1099 income tax rate?</p><p class="text-[#212121] pt-3 text-base font-normal">No, the 1099 income tax rate is fixed at 15.3%. Self-employed contractors can deduct business-related mileage expenses to lower their income and consequently pay less taxes.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="26"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Will a Schedule C calculator help find advertising costs I can write off as a 1099 worker?</p><p class="text-[#212121] pt-3 text-base font-normal">Using a tax calculator can help find various <a href="https://flyfin.tax/blog/top-15-tax-deductions-and-benefits-for-the-self-employed" class="font-medium underline">advertising costs</a> like online ads, social media promotions and hiring an ads specialist that can be written off as a business expense.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="27"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much will I owe in tax as a self-employed Patreon creator?</p><p class="text-[#212121] pt-3 text-base font-normal">To file Patreon 1099 taxes, download your 1099-K form the website and report the income information along with your deductible expenses to find your taxable income. This income will be taxed at the 1099-K tax rate of 15.3%.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="28"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Are my clothes a self-employed tax deduction?</p><p class="text-[#212121] pt-3 text-base font-normal"><a href="https://flyfin.tax/tax-deduction/clothing-and-accessories" class="font-medium underline">Clothing expenses</a> are not tax-deductible from 1099 employee tax unless they are specialized work attire like uniforms or costumes that are necessary and exclusively used for your business.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="29"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can I write off a laptop for 1099 work?</p><p class="text-[#212121] pt-3 text-base font-normal">If you use a laptop for work, you can only write-off the business use percentage of the laptop. This is a common deduction when paying independent contractor taxes.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="30"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Are CPA fees 1099 tax-deductible?</p><p class="text-[#212121] pt-3 text-base font-normal">CPA fees are tax-deductible for 1099 individuals as they are an “ordinary and necessary” business expense when paying tax for independent contractors.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="31"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Is a haircut one of the deductions for self-employed individuals?</p><p class="text-[#212121] pt-3 text-base font-normal">Haircuts are not tax-deductible unless they are directly related to your business and necessary for maintaining a professional appearance in your specific line of work. For example, if you are required to have a specific hairstyle as a model in a goth clothing store.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="32"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Is my home office a 1099 employee tax deduction?</p><p class="text-[#212121] pt-3 text-base font-normal">A <a href="https://flyfin.tax/business-deductions/simplified-home-office-deduction" class="font-medium underline">home office</a> can be used to lower independent contractor taxes if it is used exclusively and regularly for business activities.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="33"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much do independent contractors pay in taxes as eBay sellers?</p><p class="text-[#212121] pt-3 text-base font-normal">Calculate your eBay 1099 taxes with the 1099-K form you will receive from eBay and report it on Schedule C along with any tax-deductible business expenses like shipping fees and packaging costs.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="34"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much tax will I pay on an income of $30,000 as a self-employed individual?</p><p class="text-[#212121] pt-3 text-base font-normal">The amount of tax you'll owe on an income of $30,000 as a self-employed individual depends on your tax situation as a whole. You can use a freelance tax calculator to help you with this. </p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="35"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How to write off Etsy taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">Use your 1099-K form to report your income information on Schedule C and deduct ordinary and necessary expenses as tax deductions while writing off <a href="https://flyfin.tax/freelancer-profession-deductions/etsy-1099" class="font-medium underline">Etsy 1099 taxes</a>. If you sell on Etsy as a hobby, you do not need to pay self-employment tax.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="36"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How to take taxes out of 1099 forms as Facebook Marketplace sellers?</p><p class="text-[#212121] pt-3 text-base font-normal">Facebook Marketplace sellers will receive 1099-K forms from Facebook with their earned income. This income can then be lowered with deductions like packaging materials, shipping costs and advertising fees. The freelance income tax will be paid on that income.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="37"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can Upwork freelancers write off expenses?</p><p class="text-[#212121] pt-3 text-base font-normal">Yes, Upwork freelancers can write off business-related expenses, such as software subscriptions, internet fees, equipment costs, and professional services fees on their 1099 taxes with a <a href="https://flyfin.tax/1099-tax-calculator" class="font-medium underline">side job tax calculator</a>.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="38"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. What are the most overlooked self-employed tax deductions?</p><p class="text-[#212121] pt-3 text-base font-normal">Some commonly overlooked self-employed tax deductions include home office expenses, business-related travel expenses, professional development costs, and business startup expenses.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="39"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Which entertainment expenses are deductible when paying 1099 Florida taxes?</p><p class="text-[#212121] pt-3 text-base font-normal"><a href="https://flyfin.tax/1099-tax-calculator" class="font-medium underline">Entertainment expenses</a> are generally not tax-deductible in any state. 1099 individuals can deduct certain entertainment expenses if they were incurred to support their business.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="40"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How to find tax deductions for small businesses?</p><p class="text-[#212121] pt-3 text-base font-normal">A freelance tax calculator can help find tax deductions for small businesses like expenses related to phone bills, advertising and marketing costs, business insurance, travel expenses and consulting fees.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="41"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can I deduct buying lunch for my 1099 employees?</p><p class="text-[#212121] pt-3 text-base font-normal">If you’re buying lunch for your 1099 employees, you can deduct 50% of that meal when paying independent contractor taxes.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="42"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. What types of insurance are tax-deductible for 1099 taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">Generally, insurance premiums paid for business-related coverage such as health insurance, <a href="https://flyfin.tax/tax-deduction/business-insurance" class="font-medium underline">business insurance</a>, and business vehicle insurance are tax-deductible for 1099 contractors.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="43"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Can I write off memberships from 1099 employee taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">Membership fees and dues are generally deductible if they are directly related to your business activities and if the membership provides a reasonable and necessary benefit to your business. However, personal memberships or those primarily for social or recreational purposes are not deductible when paying 1099 employee tax.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="44"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Are 1099 taxes withheld?</p><p class="text-[#212121] pt-3 text-base font-normal">Unlike W-2 income, taxes are generally not withheld from 1099 income. As a self-employed individual, you're responsible for calculating and paying your own taxes, including self-employment taxes and income taxes. If you work both a W-2 and 1099 job, you can ask your employer for a 1099 tax withholding by filling out <a href="https://www.irs.gov/forms-pubs/about-form-w-4" class="font-medium underline">Form W-4</a>. </p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="45"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. What does $600 “after taxes” mean?</p><p class="text-[#212121] pt-3 text-base font-normal">Any income “after taxes“ is generally for W-2 employees whose taxes are withheld by their employer. This doesn't usually apply to independent contractor taxes as 1099 employees pay both the employee and employer portion of the tax.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="46"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How does a 1099 form work for paying taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">Freelancers in the US use a 1099 form to report their income from clients or companies, which must be included in their tax return when paying <a href="https://flyfin.tax/self-employment-resources/seca-tax" class="font-medium underline">SECA tax</a>. This tax includes Social Security and Medicare and is fixed at a 15.3% rate. A 1099 social security calculator can help you get a tax breakdown of what you owe. </p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="47"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much would I make after taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">If you are paying freelance income tax, you can calculate how much you will make after taxes by subtracting your owed tax amount from your taxable income. For example, if your taxable income is $20,000, you would pay self-employed tax of $3,060. So, you would have $16,940 after taxes.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="48"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much tax do I pay on 1099 income?</p><p class="text-[#212121] pt-3 text-base font-normal">The amount of tax you pay on 1099 income as a freelancer in the US depends on your total income, tax deductions, and tax brackets. You will owe <a href="https://flyfin.tax/self-employment-resources" class="font-medium underline">self-employment taxes</a>, which amount to 15.3% of your net income, along with federal and state income taxes. </p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="49"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much 1099 income is needed to file taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">To file taxes with a 1099 form, self-employed individuals need to make over $400 in earned income a year.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="50"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How to calculate self-employed income?</p><p class="text-[#212121] pt-3 text-base font-normal">Self-employed income is calculated by adding up all the income recorded on your <a href="https://flyfin.tax/tax-forms/1099-form" class="font-medium underline">1099 forms</a>. This includes 1099-NEC, 1099-MISC and 1099-K forms. The total earned income is then subject to the independent contractor tax rate of 15.3%.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="51"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much should I take out for 1099 taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">It’s generally advised to save about 20-30% of your income to pay self-employment taxes. If you estimate you’ll owe over $1,000 in taxes, you’ll have to make 1099-NEC estimated tax payments. You can use a tax estimator for the self-employed to check whether you owe quarterly taxes.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="52"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Is there a Michigan 1099 tax calculator?</p><p class="text-[#212121] pt-3 text-base font-normal">Any 1099 tax calculator can be used to calculate your self-employment taxes in Michigan as SECA taxes are not state-specific. However, you can use this <a href="https://flyfin.tax/state-income-tax-calculator/michigan" class="font-medium underline">Michigan income tax calculator</a> to total your owed state tax.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="53"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. What percentage of 1099 income is taxed?</p><p class="text-[#212121] pt-3 text-base font-normal">You have to pay SE tax and federal tax on 1099 income over $400. The self-employment tax rate is 15.3%. Federal tax depends on your taxable income and tax bracket, which ranges from 10% to 37%.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="54"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Is there a 1099 tax calculator for Nevada?</p><p class="text-[#212121] pt-3 text-base font-normal">SECA tax does not vary across states, so any online tax calculators designed for calculating 1099 taxes can be used to do this. You can also reach out to a <a href="https://flyfin.tax/ask-a-cpa/nevada" class="font-medium underline">CPA in Nevada</a> for professional guidance.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="55"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much do you have to make to receive a 1099 form?</p><p class="text-[#212121] pt-3 text-base font-normal">If you earn over $600 in income a year, you can expect to receive a 1099 form. It's important to note that even if you don't receive a 1099 form for amounts below $600, you are still required to report all your income on your tax return.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="56"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. When are 1099 taxes due?</p><p class="text-[#212121] pt-3 text-base font-normal">1099 taxes have to be paid <a href="https://flyfin.tax/blog/when-are-taxes-due-in-2023" class="font-medium underline">every quarter</a> if you owe more than $1,000 in tax liability. The self-employment tax return is due on April 15th like annual other tax returns.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="57"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Is there a W2 vs 1099 calculator?</p><p class="text-[#212121] pt-3 text-base font-normal">There are a number of 1099 vs W-2 tax calculators online to compare your income and even do a W-2 to 1099 income conversion.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="58"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much tax will I pay on an income of $15,000 as a self-employed individual?</p><p class="text-[#212121] pt-3 text-base font-normal">The amount of tax you'll pay on an income of $15,000 as a self-employed individual depends on several factors like tax deductions and tax credits. You can use a <a href="https://flyfin.tax/self-employment-tax-calculator" class="font-medium underline">self-employed tax calc</a> to get a full tax breakdown.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="59"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. If I made $17,000, how much tax refund will I receive?</p><p class="text-[#212121] pt-3 text-base font-normal">The tax refund you might receive on an income of $17,000 as a self-employed individual depends on various factors, including deductions, credits, and your overall tax situation.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="60"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. What percentage do you pay in taxes on a 1099 form?</p><p class="text-[#212121] pt-3 text-base font-normal">Any 1099 income above $400 is taxed at a 15.3% fixed rate by the IRS. This includes 12.4% for Social Security and 2.9% for Medicare.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="61"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much tax will I pay on an income of $40,000 as a self-employed individual?</p><p class="text-[#212121] pt-3 text-base font-normal">If you're earning $40,000 as a self-employed individual, the tax you'll owe depends on factors such as deductions, credits, and your tax bracket. You can <a href="https://flyfin.tax/ask-a-cpa" class="font-medium underline">consult a tax professional</a> to calculate your tax amount accurately.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="62"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How to calculate taxes for independent contractors?</p><p class="text-[#212121] pt-3 text-base font-normal">To calculate taxes as an independent contractor, you need to consider your total income, deduct eligible expenses, and apply the appropriate tax rates.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="63"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much does it cost to file a 1099 form?</p><p class="text-[#212121] pt-3 text-base font-normal">If you want to file taxes with a 1099, the cost may vary based on the number of forms you have and the services that you need. If you need help preparing and filing your returns, it may cost more.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="64"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. What is the tax rate for 1099-C income?</p><p class="text-[#212121] pt-3 text-base font-normal">The tax rate for 1099-C income, which represents canceled debt, depends on your tax bracket as the taxable portion of canceled debt is generally treated as ordinary income and is taxed federally.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="65"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much tax do I pay on an income of $50,000 as a self-employed individual?</p><p class="text-[#212121] pt-3 text-base font-normal">If your income is $50,000 as a self-employed individual, the amount of tax you'll pay will be determined by factors like the tax deductions and <a href="https://flyfin.tax/tax-credits" class="font-medium underline">tax credits</a> you claim, and your tax bracket. </p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="66"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Is the 1099-MISC tax rate the same as 1099-NEC tax rate?</p><p class="text-[#212121] pt-3 text-base font-normal">Generally, the tax rate for both 1099-MISC income and 1099-NEC income are the same. Paying taxes as an independent contractor will involve totalling all 1099 income to find your earned income.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="67"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Is there a self-employed tax calculator for California?</p><p class="text-[#212121] pt-3 text-base font-normal">You can use this <a href="https://flyfin.tax/self-employment-tax-calculator" class="font-medium underline">self-employed tax calculator</a> to calculate SECA tax for California. The tax rate for independent contractors in California is 15.3%, just like every other state.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed" data-swiper-slide-index="68"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Do I have to pay 1099 taxes if my income is less than $5,000?</p><p class="text-[#212121] pt-3 text-base font-normal">Even if your income is less than $5,000, you will still need to report and pay taxes on your 1099 income. SECA tax is paid on earned income over $400. You can lower taxable income with a business write-off calculator.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed swiper-slide-duplicate" data-swiper-slide-index="0"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. How much taxes do I owe on parking tickets?</p><p class="text-[#212121] pt-3 text-base font-normal">Parking tickets are not tax-deductible. The IRS does not allow traffic fines or penalties to be written off on 1099 employee taxes.</p></div></div></div><div class="swiper-slide mb-7 md:cursor-pointer cursor-not-allowed swiper-slide-duplicate" data-swiper-slide-index="1"><div class="px-3 py-2"><div class="w-full h-[400px] p-6 bg-[#FFFFFF] border border-[#E1E1E1] rounded-xl styles_carouselBoxShadow__UFXaR"><p class="text-[#212121] font-bold text-xl">Q. Will my car payment lower my 1099 employee taxes?</p><p class="text-[#212121] pt-3 text-base font-normal">You can deduct the business portion of loan interest and lease interest if you use your car for business. If you own a car solely for operating your business, you can write off 100% of the expenses using the <a href="https://flyfin.tax/standard-mileage-vs-actual-expenses" class="font-medium underline">actual expenses method</a>.</p></div></div></div></div><div class="swiper-button-prev"></div><div class="swiper-button-next"></div><div class="swiper-pagination"></div></div></div></div><div class="w-full flex flex-col bg-transparent px-4 lg:px-[120px] pt-12 pb-8 md:py-8"></div><div class=""><div id="toc" class="w-full gap-10 flex flex-col"><div class="lg:w-[49.13rem] w-full md:mx-auto px-4 rounded-xl p-5 mt-4 border border-white-fade"><p class="md:text-xl md:!leading-8 font-semibold text-grey-500">Table of contents</p><div><div class="flex flex-row my-3"><div class="w-6 h-6 items-center flex justify-around"><svg width="10" height="10" fill="none" xmlns="http://www.w3.org/2000/svg" class="scale-[0.7]"><rect width="10" height="10" rx="5" fill="#000"></rect></svg></div><p class="text-grey-500 w-11/12">Form 1099 vs Form W-2...<span class="underline underline-offset-2 lg:cursor-pointer cursor-not-allowed"><a href="#form-1099-vs-form-w-2">Read more</a></span></p></div><div class="flex flex-row my-3"><div class="w-6 h-6 items-center flex justify-around"><svg width="10" height="10" fill="none" xmlns="http://www.w3.org/2000/svg" class="scale-[0.7]"><rect width="10" height="10" rx="5" fill="#000"></rect></svg></div><p class="text-grey-500 w-11/12">What is a 1099 worker?...<span class="underline underline-offset-2 lg:cursor-pointer cursor-not-allowed"><a href="#what-is-a-1099-worker">Read more</a></span></p></div><div class="flex flex-row my-3"><div class="w-6 h-6 items-center flex justify-around"><svg width="10" height="10" fill="none" xmlns="http://www.w3.org/2000/svg" class="scale-[0.7]"><rect width="10" height="10" rx="5" fill="#000"></rect></svg></div><p class="text-grey-500 w-11/12">📝 Types of 1099 Forms...<span class="underline underline-offset-2 lg:cursor-pointer cursor-not-allowed"><a href="#-types-of-1099-forms">Read more</a></span></p></div><div class="flex flex-row my-3"><div class="w-6 h-6 items-center flex justify-around"><svg width="10" height="10" fill="none" xmlns="http://www.w3.org/2000/svg" class="scale-[0.7]"><rect width="10" height="10" rx="5" fill="#000"></rect></svg></div><p class="text-grey-500 w-11/12">Purpose of Form 1099...<span class="underline underline-offset-2 lg:cursor-pointer cursor-not-allowed"><a href="#purpose-of-form-1099">Read more</a></span></p></div><div class="flex flex-row my-3"><div class="w-6 h-6 items-center flex justify-around"><svg width="10" height="10" fill="none" xmlns="http://www.w3.org/2000/svg" class="scale-[0.7]"><rect width="10" height="10" rx="5" fill="#000"></rect></svg></div><p class="text-grey-500 w-11/12">Self-employment tax...<span class="underline underline-offset-2 lg:cursor-pointer cursor-not-allowed"><a href="#self-employment-tax">Read more</a></span></p></div><div class="flex flex-row my-3"><div class="w-6 h-6 items-center flex justify-around"><svg width="10" height="10" fill="none" xmlns="http://www.w3.org/2000/svg" class="scale-[0.7]"><rect width="10" height="10" rx="5" fill="#000"></rect></svg></div><p class="text-grey-500 w-11/12">Self-employment tax rate...<span class="underline underline-offset-2 lg:cursor-pointer cursor-not-allowed"><a href="#self-employment-tax-rate">Read more</a></span></p></div><div class="flex flex-row my-3"><div class="w-6 h-6 items-center flex justify-around"><svg width="10" height="10" fill="none" xmlns="http://www.w3.org/2000/svg" class="scale-[0.7]"><rect width="10" height="10" rx="5" fill="#000"></rect></svg></div><p class="text-grey-500 w-11/12">💸 Quarterly taxes...<span class="underline underline-offset-2 lg:cursor-pointer cursor-not-allowed"><a href="#-quarterly-taxes">Read more</a></span></p></div><div class="flex flex-row my-3"><div class="w-6 h-6 items-center flex justify-around"><svg width="10" height="10" fill="none" xmlns="http://www.w3.org/2000/svg" class="scale-[0.7]"><rect width="10" height="10" rx="5" fill="#000"></rect></svg></div><p class="text-grey-500 w-11/12">How to pay 1099 taxes?...<span class="underline underline-offset-2 lg:cursor-pointer cursor-not-allowed"><a href="#how-to-pay-1099-taxes">Read more</a></span></p></div><div class="flex flex-row my-3"><div class="w-6 h-6 items-center flex justify-around"><svg width="10" height="10" fill="none" xmlns="http://www.w3.org/2000/svg" class="scale-[0.7]"><rect width="10" height="10" rx="5" fill="#000"></rect></svg></div><p class="text-grey-500 w-11/12">1099 tax savings...<span class="underline underline-offset-2 lg:cursor-pointer cursor-not-allowed"><a href="#1099-tax-savings">Read more</a></span></p></div></div></div><div class="flex flex-col gap-10"><div id="form-1099-vs-form-w-2" class="relative w-full flex flex-col gap-4 md:mt-1 -mt-3"><h2 class="lg:w-[49.13rem] md:mx-auto md:text-4xl md:!leading-12 text-2xl w-full font-extrabold text-grey-500 ">Form 1099 <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">vs Form W-2</span></h2> <div class="lg:w-[49.13rem] w-full md:mx-auto my-4"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500 ">According to the IRS, any self-employed individual who works as an independent contractor or a freelancer is considered a 1099 employee. A 1099 form is entirely different from a W-2 form. If your employer or client sends you a self-employed 1099 form, it’s a sign that they see you as an independent contractor rather than an employee. W-2 employees have taxes withheld when they get paid. However, freelancers or 1099 self-employed individuals have to figure out what they owe in taxes to their state and federal government, just like a small business would. If you work for a company that issues you a paycheck for wages or salary regularly, you won't be receiving a 1099 from your employer, and your employer will withhold some of your pay for taxes. But if you work for yourself, and the company or companies that pay you for your work send you 1099 forms, you'll need to figure out what you owe and pay your own taxes. </div></div><div class="lg:w-[49.13rem] w-full md:mx-auto rounded-xl text-center lg:mx-auto"><div class="md:hidden"><div data-rmiz-wrap="visible" style="display:block"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:261.4485981308411%"></span><img alt="Infographic entitled 1099 and W-2: Key Differences describing different forms needed to use the 1099 taxes calculator." title="Form 1099 <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">vs Form W-2</span>" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="responsive" class="hover:opacity-70 lg:cursor-pointer cursor-not-allowed" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="Infographic entitled 1099 and W-2: Key Differences describing different forms needed to use the 1099 taxes calculator." title="Form 1099 <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">vs Form W-2</span>" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesMobile.webp&w=640&q=100 640w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesMobile.webp&w=750&q=100 750w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesMobile.webp&w=828&q=100 828w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesMobile.webp&w=1080&q=100 1080w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesMobile.webp&w=1200&q=100 1200w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesMobile.webp&w=1920&q=100 1920w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesMobile.webp&w=2048&q=100 2048w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesMobile.webp&w=3840&q=100 3840w" src="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesMobile.webp&w=3840&q=100" decoding="async" data-nimg="responsive" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="hover:opacity-70 lg:cursor-pointer cursor-not-allowed" loading="lazy"/></noscript></span><button aria-label="Zoom image" data-rmiz-btn-open="true"></button></div></div><div class="hidden md:block"><div data-rmiz-wrap="visible" style="display:block"><div><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%27990%27%20height=%27829%27/%3e"/></span><img alt="Infographic entitled 1099 and W-2: Key Differences describing different forms needed to use the 1099 taxes calculator." title="Form 1099 <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">vs Form W-2</span>" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" class="hover:opacity-70 lg:cursor-pointer cursor-not-allowed" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="Infographic entitled 1099 and W-2: Key Differences describing different forms needed to use the 1099 taxes calculator." title="Form 1099 <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">vs Form W-2</span>" srcSet="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesDesktop.webp&w=1080&q=100 1x, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesDesktop.webp&w=2048&q=100 2x" src="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FDifferencesDesktop.webp&w=2048&q=100" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="hover:opacity-70 lg:cursor-pointer cursor-not-allowed" loading="lazy"/></noscript></span></div><button aria-label="Zoom image" data-rmiz-btn-open="true"></button></div></div></div><div class="lg:w-[49.13rem] w-full md:mx-auto"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500">Small businesses hire accountants, bookkeepers and CPAs to handle their accounts and taxes. That’s what the IRS expects from you if you have any self-employed income. But you don’t have to figure out your taxes all on your own. A tax calculator for <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax/self-employment-resources/independent-contractors" >independent contractors</a> is just the tool you’ll need. You should expect to receive a 1099 form in January. If you don’t receive one, it may have gotten lost in the mail or they might have sent it to the wrong address. You can always reach out to them and request a new one. Whether you have the 1099 in hand or not, you still need to report this income on your tax return.</div></div></div><div id="what-is-a-1099-worker" class="relative w-full flex flex-col gap-4 md:mt-1 -mt-3"><h2 class="lg:w-[49.13rem] md:mx-auto md:text-4xl md:!leading-12 text-2xl w-full font-extrabold text-grey-500 ">What is a <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">1099 worker?</span></h2> <div class="lg:w-[49.13rem] w-full md:mx-auto my-4"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500 ">A 1099 worker is someone who works as an independent contractor or freelancer and contracts their services to clients. Simply put, someone who receives 1099 income is typically a 1099 worker. Every 1099 worker needs to pay 1099 taxes on their income since the taxes aren’t withheld. This is where a 1099 tax calculator comes in handy to find your correct tax amount. Some examples of 1099 workers include: <ul class="list-disc lg:pl-8 pl-4"><li class="md:text-xl text-base">An architect who creates blueprints for a company and is on the project for a set amount of time.</li><li class="md:text-xl text-base">A freelance editor who edits magazines on a per-assignment basis</li><li class="md:text-xl text-base">A plumber contracted to fix the plumbing in an office building</li><li class="md:text-xl text-base">An Airbnb host that rents out multiple properties to guests</li></ul></div></div></div><div id="-types-of-1099-forms" class="relative w-full flex flex-col gap-4 md:mt-1 -mt-3"><h2 class="lg:w-[49.13rem] md:mx-auto md:text-4xl md:!leading-12 text-2xl w-full font-extrabold text-grey-500 ">📝 Types of <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">1099 Forms</span></h2> <div class="lg:w-[49.13rem] w-full md:mx-auto my-4"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500 ">There are multiple self-employed 1099 forms available, and each is used to report different sources of income. You don’t need every type of 1099 form to use a 1099 taxes calculator, but it’s good to know what each form is used for. Some common types of 1099 forms include: <span class="font-bold">1099-NEC: </span> Form 1099-NEC (Non-employee Compensation) is meant for freelancers or independent contractors. The form details the income received for services you performed for someone who isn’t your employer. Use a 1099 NEC tax calculator to help figure out your taxes. <span class="font-bold">1099-INT: </span>for reporting any interest income of at least $10 received during the year. <span class="font-bold">1099-DIV: </span>for reporting dividend income from a stock or mutual fund. <span class="font-bold">1099-G: </span>for reporting any government payments, like unemployment benefits. <span class="font-bold">1099-MISC: </span>for reporting miscellaneous income, like rent award-winnings or legal settlements. <span class="font-bold">1099-K: </span>for reporting any payments received via credit card or a third-party transaction platform (like Paypal). The 1099-K tax rate is $600 or more in business transactions. <span class="font-bold">1099-R: </span>Use this form to report any payments you received from retirement plans, pensions, IRAs, annuities, and profit-sharing programs.</div></div></div><div id="purpose-of-form-1099" class="relative w-full flex flex-col gap-4 md:mt-1 -mt-3"><h2 class="lg:w-[49.13rem] md:mx-auto md:text-4xl md:!leading-12 text-2xl w-full font-extrabold text-grey-500 ">Purpose of <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">Form 1099</span></h2> <div class="lg:w-[49.13rem] w-full md:mx-auto my-4"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500 ">A 1099 form is an informational tax form that documents the income you receive from a client. This income must be included on your tax return. For example, if you took on a design gig as a side hustle, making menus for a new restaurant and got paid, your client will send you Form 1099-NEC if you made over $600. You should then use a 1099 income tax calculator to calculate your taxable income. The form is important to help you file your income tax return. So if you receive it, you must check it for accuracy. Verify if the following information has been correctly added to the form: <ul class="list-disc lg:pl-8 pl-4"><li class="md:text-xl text-base">Your correct personal information: name, address, Social Security number</li><li class="md:text-xl text-base">The amount of income reporting</li></ul> If anything seems inaccurate, you must contact your client as soon as possible and get your information corrected. If you have a landscaping company, and did some work on the grounds of a business's headquarters, the company would send you a 1099. If the amount they paid you is listed on the form as more than they actually paid you, according to your bank records, this is a problem. This form also gets sent to the IRS to report your income, and if the IRS sees that you were paid more than you actually were, they will expect you to pay more in taxes than you actually owe. That's why you need to contact the company to issue you and the IRS a new, accurate 1099 form as soon as possible. If your information seems accurate, keep a copy of your Form 1099 to file your income tax return. Based on the type of form you receive, the income will be reported on your tax return in different places, and you will receive your income tax refund. For example, income on a 1099-NEC will be reported on your <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax/tax-forms/schedule-c" >Schedule C</a>, Profit or Loss from the business. Income on a 1099-INT will be reported on the first page of your tax return, <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax/tax-forms/1040-form" >Form 1040</a> . FlyFin’s free tax calculator makes calculating your self-employment income tax liability easy. It can offer a simple solution for calculating taxes for 1099 employees.</div></div></div><div id="self-employment-tax" class="relative w-full flex flex-col gap-4 md:mt-1 -mt-3"><h2 class="lg:w-[49.13rem] md:mx-auto md:text-4xl md:!leading-12 text-2xl w-full font-extrabold text-grey-500 ">Self-employment <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">tax</span></h2> <div class="lg:w-[49.13rem] w-full md:mx-auto my-4"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500 ">Self-employment tax consists of Social Security and Medicare taxes primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners. Schedule SE is where you will figure out your self-employment tax, or you can simply use the self-employed tax calculator. If you are an independent contractor, you are considered to be self-employed. This means that your earnings are subject to the self-employment tax. The good news is that as a self-employed worker, you can lower your taxes by claiming tax deductions. <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax" >FlyFin's A.I.</a> finds every possible tax deduction in your expenses on an ongoing basis, so you're ready as soon as taxes are due. It can also help with calculating your 1099 taxes.</div></div></div><div id="self-employment-tax-rate" class="relative w-full flex flex-col gap-4 md:mt-1 -mt-3"><h2 class="lg:w-[49.13rem] md:mx-auto md:text-4xl md:!leading-12 text-2xl w-full font-extrabold text-grey-500 ">Self-employment <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">tax rate</span></h2> <div class="lg:w-[49.13rem] w-full md:mx-auto my-4"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500 ">The self-employment tax rate is 15.3% of your net earnings. The Social Security and Medicare taxes that make-up self-employment taxes have different rates. Social Security covers 12.4% and Medicare makes up the remaining 2.9%.</div></div></div><div id="-quarterly-taxes" class="relative w-full flex flex-col gap-4 md:mt-1 -mt-3"><h2 class="lg:w-[49.13rem] md:mx-auto md:text-4xl md:!leading-12 text-2xl w-full font-extrabold text-grey-500 ">💸 Quarterly <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">taxes</span></h2> <div class="lg:w-[49.13rem] w-full md:mx-auto my-4"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500 ">As a freelancer, you must make quarterly tax payments if you owe $1,000 or more in taxes when you file your annual return. It’s the same case with corporations that expect to owe at least $500 to the government. One way to know what you owe is to look at last year's tax return. Did you end up paying more than $1,000 in income tax working? Then you'll need to pay quarterly taxes this year. Under certain circumstances, you may not have to pay estimated taxes if you meet the following conditions: <ul class="list-disc lg:pl-8 pl-4"><li class="md:text-xl text-base">You had no tax liability during the previous year</li><li class="md:text-xl text-base">Your last tax return covered a whole year (12 months)</li><li class="md:text-xl text-base">You were a US citizen for the entire year</li> </ul> As a freelancer, you need to calculate your 1099 quarterly taxes using the IRS’ Estimated Tax Worksheet found within Form 1040-ES. You can also use a <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax/quarterly-tax-calculator" >Quarterly Tax Calculator</a>. Failing to pay quarterly taxes can result in a penalty. A <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax/tax-penalty-calculator" >Tax Penalty Calculator</a> can help your calculate your 1099 tax penalties. </div></div></div><div id="how-to-pay-1099-taxes" class="relative w-full flex flex-col gap-4 md:mt-1 -mt-3"><h2 class="lg:w-[49.13rem] md:mx-auto md:text-4xl md:!leading-12 text-2xl w-full font-extrabold text-grey-500 ">How to pay <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">1099 taxes?</span></h2> <div class="lg:w-[49.13rem] w-full md:mx-auto my-4"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500 ">The first step is calculating your quarterly tax payments. Once you know how much you’ll owe, you’re ready to make the payment. When it comes time to file your Form 1040, there are a few ways to do this. You can: <ul class="list-disc lg:pl-8 pl-4"><li class="md:text-xl text-base">Pay using IRS paper forms</li><li class="md:text-xl text-base">Submit them online on the Electronic Federal Tax Payment System</li><li class="md:text-xl text-base">Attach any overdue payments to your annual tax return</li> </ul></div></div><div class="lg:w-[49.13rem] w-full md:mx-auto rounded-xl text-center lg:mx-auto"><div class="md:hidden"><div data-rmiz-wrap="visible" style="display:block"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:214.48598130841123%"></span><img alt="Infographic entitled Steps For Paying Taxes as a 1099 Worker showing the process of paying 1099 taxes." title="How to pay <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">1099 taxes?</span>" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="responsive" class="hover:opacity-70 lg:cursor-pointer cursor-not-allowed" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="Infographic entitled Steps For Paying Taxes as a 1099 Worker showing the process of paying 1099 taxes." title="How to pay <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">1099 taxes?</span>" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsMobile.webp&w=640&q=100 640w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsMobile.webp&w=750&q=100 750w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsMobile.webp&w=828&q=100 828w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsMobile.webp&w=1080&q=100 1080w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsMobile.webp&w=1200&q=100 1200w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsMobile.webp&w=1920&q=100 1920w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsMobile.webp&w=2048&q=100 2048w, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsMobile.webp&w=3840&q=100 3840w" src="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsMobile.webp&w=3840&q=100" decoding="async" data-nimg="responsive" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="hover:opacity-70 lg:cursor-pointer cursor-not-allowed" loading="lazy"/></noscript></span><button aria-label="Zoom image" data-rmiz-btn-open="true"></button></div></div><div class="hidden md:block"><div data-rmiz-wrap="visible" style="display:block"><div><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%27990%27%20height=%27829%27/%3e"/></span><img alt="Infographic entitled Steps For Paying Taxes as a 1099 Worker showing the process of paying 1099 taxes." title="How to pay <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">1099 taxes?</span>" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" class="hover:opacity-70 lg:cursor-pointer cursor-not-allowed" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="Infographic entitled Steps For Paying Taxes as a 1099 Worker showing the process of paying 1099 taxes." title="How to pay <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">1099 taxes?</span>" srcSet="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsDesktop.webp&w=1080&q=100 1x, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsDesktop.webp&w=2048&q=100 2x" src="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FStepsDesktop.webp&w=2048&q=100" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="hover:opacity-70 lg:cursor-pointer cursor-not-allowed" loading="lazy"/></noscript></span></div><button aria-label="Zoom image" data-rmiz-btn-open="true"></button></div></div></div><div class="lg:w-[49.13rem] w-full md:mx-auto"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500">When you're self-employed, taxes are paid four times a year instead of all at once. That’s a lot of deadlines to keep track of! Following the IRS deadlines is key to avoiding a late filing penalty. If you want some help remembering the deadlines, FlyFin can send you reminders so you’ll never miss a payment.</div></div><div class="lg:w-[49.13rem] w-full md:mx-auto rounded-xl text-center lg:mx-auto"><div class="lg:hidden"><div data-rmiz-wrap="visible" style="display:block"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;padding-top:87.14953271028037%"></span><img alt="Infographic entitled 2024 Quarterly Tax Dates showing the dates to pay 1099 taxes for the 2024 tax year." title="How to pay <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">1099 taxes?</span>" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="responsive" class="hover:opacity-70 lg:cursor-pointer cursor-not-allowed" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="Infographic entitled 2024 Quarterly Tax Dates showing the dates to pay 1099 taxes for the 2024 tax year." title="How to pay <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); 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-webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">1099 taxes?</span>" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" class="hover:opacity-70 lg:cursor-pointer cursor-not-allowed" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="Infographic entitled 2024 Quarterly Tax Dates showing the dates to pay 1099 taxes for the 2024 tax year." title="How to pay <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">1099 taxes?</span>" srcSet="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FQuarterlyScheduleDesktopv2.webp&w=1080&q=100 1x, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FQuarterlyScheduleDesktopv2.webp&w=2048&q=100 2x" src="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fflyfin-website%2F1099-tax-cal%2FQuarterlyScheduleDesktopv2.webp&w=2048&q=100" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="hover:opacity-70 lg:cursor-pointer cursor-not-allowed" loading="lazy"/></noscript></span><button aria-label="Zoom image" data-rmiz-btn-open="true"></button></div></div></div></div><div id="1099-tax-savings" class="relative w-full flex flex-col gap-4 md:mt-1 -mt-3"><h2 class="lg:w-[49.13rem] md:mx-auto md:text-4xl md:!leading-12 text-2xl w-full font-extrabold text-grey-500 ">1099 <span style="background: linear-gradient(101.76deg, #19ACA4 1.98%, #3563CD 100.59%); -webkit-background-clip: text; -webkit-text-fill-color: transparent; background-clip: text; text-fill-color: transparent;">tax savings</span></h2> <div class="lg:w-[49.13rem] w-full md:mx-auto my-4"><div class="md:text-xl md:!leading-8 font-normal whitespace-pre-line text-grey-500 ">We’re all looking for ways to save on taxings, and one way to do this is by taking advantage of <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax/tax-credits" >tax credits</a>. Tax credits are a dollar-for-dollar reduction on your income taxes. If you have children, for example, the government provides credits to help support your family. The <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax/tax-credits/dependent-care-credit" >dependent care credit</a> helps offset the cost of childcare. Or, if you pay higher education expenses, like for a college or university, you might qualify for the <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax/itemized-deductions/education-tax-credit" >education tax credit</a>. You might qualify for the <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax/itemized-deductions/education-tax-credit" >electric vehicle tax credit</a> if you purchased an electric car this year. There’s even a tax credit available for low-to-moderate-income workers to help reduce the taxes owed called the <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax/tax-credits/earned-income-credit" >earned income credit</a>. If you meet the criteria set by the IRS, you can help lower your tax bill and score tax savings. Another great way to save on taxes is by writing off your business expenses as 1099 tax deductions. Any ordinary or necessary expense in your industry can be written off. The more tax deductions you have, the lower your taxes. Some of the most common self-employed tax deductions are: <ul class="list-disc lg:pl-8 pl-4"><li class="md:text-xl text-base">Home office</li><li class="md:text-xl text-base">Work uniforms</li><li class="md:text-xl text-base">Bank and credit card fees</li><li class="md:text-xl text-base">Software subscriptions</li><li class="md:text-xl text-base">Internet and phone bills</li><li class="md:text-xl text-base">Advertising costs</li></ul> It’s best to use a tax tool, like a 1099 deduction calculator, to ensure you get accurate tax calculations. With FlyFin, you’ll never have to worry about 1099 taxes. AI automatically finds every possible self-employed tax deduction you can take, making sure you keep your tax bill as low as possible. Expert CPAs provide unlimited tax support on the app and can answer questions like how much do I owe in taxes, how to calculate 1099 taxes and how to write off business expenses. They can also prepare and file your returns.</div></div></div></div></div></div></div><section><div class="bg-[#F2F2F2] mt-6"><div class="lg:w-[49.13rem] w-full md:mx-auto"><div class="max-w-344 mx-auto flex flex-col py-12 w-full xl:pb-28 xl:pt-20"><h2 class="hidden md:block text-2xl text-center font-bold pb-3 mb-6 border-b border-grey-faq sm:border-0 md:mt-0 md:text-3xl xl:text-5xl xl:pb-12 xl:mb-8 text-black-light">Frequently asked <span class="ClusterPageV2_gradient_text__gsy5F">questions</span></h2><h2 class="md:hidden text-2xl text-center font-bold pb-3 mb-6 md:mt-0 md:text-3xl text-black-light">FAQs</h2><div class="flex flex-col gap-6 px-4 lg:px-0"><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">What is the 1099 tax rate?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">The 1099 tax rate consists of two parts: 12.4% for social security tax and 2.9% for Medicare which totals 15.3%. A 0.9% additional Medicare tax may also apply if you are a high earner. Apart from SE tax, 1099 workers also have to calculate federal income tax.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">How does the self-employed tax calculator work?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">If you wish to calculate your SE taxes using the FlyFin self-employed tax calculator, you need to answer a few questions, such as your freelance profession, your annual income and your tax filing status. The 1099 tax calculator for 2024 is powered by AI and helps you track your expenses. It automatically finds all tax deductions related to your profession. The entire process hardly takes five minutes. Moreover, you get to consult a CPA to prepare your quarterly taxes for free.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">How much tax do I pay on 1099 income?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">Generally, it is recommended that you save about 25–30% of your self-employed income to pay for taxes. Plus, the more 1099 deductions you find, the less you'll have to pay.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">How do I file 1099 taxes?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">You can file your 1099 taxes online or by mail. You can use FlyFin’s free 1099 tax calculator to find your tax liability.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">How do I lower my freelancer tax bill?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">The sure shot way to lower your self-employment tax is to increase your business-related expenses. You can do this by claiming 1099 tax deductions. A 1099 tax calculator for 2024 can easily help you do this.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">What can you write off as a 1099 employee? </h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">When you own your own business, many business-related items are tax deductible. Some of the most common 1099 employee tax write-offs include healthcare premiums, home office, education expenses and business travel.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">What can I write off on my taxes as a 1099 employee?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">There are several small business tax deductions you can claim as a freelancer like home office expenses, mortgage, software & equipment expenses, health insurance expenses, office expenses, rent and advertising & marketing expenses. </div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">Why do employers prefer 1099?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">Employers may prefer hiring 1099 contractors as they can avoid payroll taxes, benefits and other expenses associated with hiring W-2 employees. When calculating federal income tax, employers should remember to include what they paid the contractors. </div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">Is 1099 self-employed?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">Individuals receiving income on a 1099 form are typically considered to be self-employed. These individuals can use 1099 tax write-offs to lower their SE tax. If you’re wondering “How much taxes do I pay on 1099 income?”, a tax calculator to help.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">How do I claim these self-employment tax deductions?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">Most self-employed workers need to file Schedule C with their tax returns. Schedule C is where 1099 income and 1099 tax deductions are reported. However, when claiming itemized deductions, you need to report your expenses on Schedule A. The profit calculated on these schedules is then included on Form 1040 and used to calculate your income tax liability.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">Can you get a 1099 and a W-2?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">In certain situations, you could get a 1099 and a W-2 if you’re a W-2 employee and perform 1099 work as an independent contractor. The 1099 work needs to be completely different from the W-2 work. Or, if you worked as an independent contractor and were hired during the tax year as a full-time employee, you’ll receive both tax forms.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">How much taxes will I pay on a 1099?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">The combined rate you’ll pay is 15.3%, and this applies to your adjusted gross income. If you want to save time calculating your 1099 taxes, use a free tax calculator to figure out your taxes.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">Do 1099 employees pay more taxes?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">1099 employees may have higher tax liability compared to W-2 employees because they are responsible for paying both the employee and employer portions of SECA taxes. However, they can deduct the employer portion of the SECA tax as an income adjustment.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">Is everything on a 1099 taxable?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">1099 income over $400 is taxable. Self-employed individuals can use tax-deductible business expenses to lower their taxable income.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">How does a 1099 pay taxes?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">1099 individuals pay taxes by making quarterly estimated tax payments directly to the IRS. Deducting 1099 employee tax write-offs can lower these payments.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">How much should I set aside for taxes on a 1099?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">It’s best to set aside 30-40% of your income to cover self-employment taxes. Try out a handy tool like a free tax calculator to see how much you’ll owe.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">Is working as a 1099 employee worth it?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">Working as a 1099 contractor can offer flexibility and potentially higher earnings, but it also comes with added tax responsibilities and uncertainty. You might be asking yourself questions like “How much do I owe in taxes?”. You can always get a tax pro to help you navigate this.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">What is the downside of being a 1099 employee?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">1099 employees have to deal with uneven income and manage their own retirement and healthcare. Calculating federal income tax can also get complicated as you might have more than one income source. </div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">What are the downsides of being a 1099?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">The downside of being a 1099 worker is paying more taxes. 1099 workers also do not get any employee benefits. However, 1099 workers can use 1099 tax deductions to lower their taxes.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">What's better working for a 1099 or a W-2?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">W-2 jobs offer stability and consistent income, while 1099 work offers more freedom and potential for higher earnings. It's really all about your personal preference.1099 workers can also use tax-deductible business expenses to lower their tax bill.</div></div></div></div></div><div class=" bg-white-light text-[#313131] rounded-lg overflow-hidden cursor-not-allowed md:cursor-default"><div class="undefined flex flex-row items-center justify-between md:cursor-pointer"><div class="flex flex-row items-center justify-start gap-[24px]"><div><h3 class="p-4 xl:text-xl xl:p-6 xl:pl-8 text-[#313131]">What are the pros and cons of 1099?</h3></div></div><div class="w-4 h-6 my-auto ml-4 mr-2 items-center flex md:mr-3 md:w-6 undefined"><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line1__F4CEi bg-black"></div><div class="undefined Accordion_accordion_header_toggler__MiYN1 w-8 h-0.25 md:h-0.5 md:w-4 Accordion_line2__2Gd1M bg-black"></div></div></div><div class="ReactCollapse--collapse" style="height:0px;overflow:hidden" aria-hidden="true"><div class="ReactCollapse--content"><div class="lg:pb-5"><div class="border-l-3 border-[#333333] px-3 font-normal text-sm text-[#4D4D4D] leading-6 mx-[14px] mb-2 md:px-6 md:mx-[18px] xl:mx-8 xl:p-0 xl:m-4 xl:pl-4 xl:text-lg xl:font-normal xl:leading-7 whitespace-pre-line">The pros of being a 1099 worker are having more freedom, being your own boss and using small business tax deductions to lower SE tax. The cons are that taxes are more complicated and being responsible for your own healthcare insurance.</div></div></div></div></div></div></div></div></div></section><section class="bg-[#FAF9FF] w-full"><div class="2xl:w-[70%] xl:w-[90%] mx-auto grid lg:grid-cols-2 grid-cols-1 gap-4 px-5 xl:gap-20 xl:px-24 pt-8 items-center pb-10 mt-0"><div class="w-full"><h2 class="md:text-3xl text-2xl text-black font-semibold">What’s FlyFin?</h2><div class="md:text-xl text-base text-[#212121] font-normal lg:whitespace-pre-line md:whitespace-normal whitespace-pre-line mt-4">FlyFin caters to the tax needs of gig workers, freelancers, independent contractors and sole proprietors. This tax tool is especially helpful for gig workers, who don't have tax support from an employer like W-2 employees do. <a class="font-medium underline text-[#3563CD]" target="_blank" href="https://flyfin.tax/">FlyFin</a> tracks all your business expenses using A.I. to find every possible tax deduction. You can also consult our expert CPA team to file a guaranteed 100% accurate tax return. It saves you a couple of thousand dollars and a ton of time on your taxes. Download the FlyFin app and have your 1099 taxes filed in less than fifteen minutes, saving you time and more money on your taxes than last year, guaranteed.</div><div class="grid md:grid-cols-3 grid-cols-1 gap-3 md:my-16 my-8"><div class="flex flex-col justify-start md:items-start items-center gap-4 "> <span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2740%27%20height=%2740%27/%3e"/></span><img alt="https://dem95u0op6keg.cloudfront.net/image/PriceCalculator.webp" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="https://dem95u0op6keg.cloudfront.net/image/PriceCalculator.webp" srcSet="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fimage%2FPriceCalculator.webp&w=48&q=75 1x, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fimage%2FPriceCalculator.webp&w=96&q=75 2x" src="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2Fimage%2FPriceCalculator.webp&w=96&q=75" decoding="async" data-nimg="intrinsic" 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flex-col items-center justify-center gap-2 cursor-pointer"><div><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2748%27%20height=%2748%27/%3e"/></span><img alt="happy-active" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="happy-active" srcSet="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2FHappy-Default.png&w=48&q=75 1x, /_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2FHappy-Default.png&w=96&q=75 2x" src="/_next/image?url=https%3A%2F%2Fdem95u0op6keg.cloudfront.net%2FHappy-Default.png&w=96&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" loading="lazy"/></noscript></span></div><div>Yes</div></div><div class="flex flex-col items-center justify-center gap-2 cursor-pointer"><div><span 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