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A Guide to Self-Employment Taxes for Contractors, Freelancers, and Beyond [Infographic]

Updated for Tax Year 2021 • May 13, 2022 02:59 PM


OVERVIEW

If you work for yourself and don't call anyone your boss, you're likely self-employed. This carries advantages, like not having a manager and deciding your own hours. But it also comes with trade-offs, like paying the self-employment tax and paying for your own employee benefits.


Perfect for independent contractors and small businesses

TurboTax Self-Employed searches over 500 tax deductions to get you every dollar you deserve.

Real experts. Trusted technology.

Uncover industry-specific deductions, get unlimited tax advice, & an expert final review with TurboTax Live Self-Employed.

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