Filing Freelance Taxes: A Handy Cheat Sheet — Infographic

Freelancer-Tax-Guide 2016

 

 

From Bustle, Lucia Peters  offers advice and a good infographic to help freelancers file their taxes.  Lucia writes:

There’s no denying that filing taxes when you’re self-employed is a pain in the butt… but that’s where this infographic from Micah Fram, CPA comes in. It’ll walk you through the basics of the self-employed tax process, and if you’re anything like I was when I was filing as a freelancer, every little bit helps.

I actually learned how to do my taxes as a freelancer — that is, my very first foray into the world of filing your own taxes came with a whole bunch of extra complicatedness anyone who learned how to file their taxes in a salaried position didn’t have to worry about — but honestly, doing so probably taught me more about things like budgeting and how important it is to keep track of literally everything financial in your life than anything else possibly could. The biggest lesson I took away is also probably one of the most “Well, duh” ones — and yet it’s one that can be surprisingly difficult by which to abide: Don’t spend money you don’t have.

Source: Filing Freelance Taxes: A Handy Cheat Sheet 

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