Freelancers can deduct business expenses like software, supplies, and some travel.

Freelancers Tax Facts 101: Don’t Let Taxes Eat Your Profits

Freelancing is freedom — but it comes with tax surprises too! If you’re self-employed, even part-time, you’re responsible for self-employment tax on top of regular income tax.

This means you may owe Social Security and Medicare taxes — just like an employer would normally withhold. Many freelancers don’t plan for it, and end up with big tax bills they didn’t expect!

✅ Got freelance income? Let’s make sure you’re covered!

📑 What Freelancers Must Know

Freelancers must:
✔️ Report all income, even if you don’t get a 1099
✔️ Pay self-employment tax if you earn $400 or more
✔️ Make quarterly estimated tax payments to avoid penalties
✔️ Keep track of business expenses — every receipt counts!

✅ Biggest Tax Break: Business Deductions

You can write off ordinary and necessary business expenses, like:
✔️ Home office expenses
✔️ Internet and phone bills
✔️ Equipment, software, and tools
✔️ Mileage and travel for work
✔️ Marketing and ads

👉 Not sure what you can deduct? Book your freelancer tax checkup now!

⚠️ Common Freelancer Tax Mistakes

❌ Not setting aside enough for self-employment taxes
❌ Missing quarterly payment deadlines
❌ Forgetting to track expenses
❌ Not separating business and personal finances

Mistakes can cost you time, money, and stress — but they’re fixable!

✅ Ask us how to fix past returns and stay compliant here!

📊 We Make Freelance Taxes Simple

At Acceptance Tax & Accounting, we help freelancers and independent contractors:
✔️ File accurately and on time
✔️ Maximize every legal deduction
✔️ Avoid IRS penalties
✔️ Plan ahead so taxes don’t ruin your profit

📞 Click here to book your Freelancer Tax Review today!

Your freelance income should work for you — not for the IRS. Let’s file smart and keep more in your pocket!