If you’ve heard that the 1099 reporting rules changed for 2026 and wondered whether that means smaller payments are now somehow “off the books,” here’s the correction worth internalizing immediately: they are not. The IRS…
Moving abroad doesn’t end your relationship with the IRS — a fact that catches a genuinely large number of American freelancers off guard. The United States taxes its citizens on worldwide income regardless of where…
More freelancers are getting paid in crypto — whether a client offers to pay in Bitcoin or USDC, or a freelancer accepts crypto for goods and services directly. The tax treatment isn’t as exotic as…
Freelancing untethered you from a single office. It didn’t untether you from state tax authorities. If you lived in Colorado but worked three months from a rental in New York, worked with clients in five…
Most freelancers know they can deduct business equipment. Far fewer understand that the tax code lets you deduct the entire purchase price of qualifying equipment in the year you buy it — rather than spreading…
Independent workers leave between $3,000 and $10,000 in legitimate tax deductions unclaimed every single year. Not because the deductions don’t exist — they do, clearly, in the tax code — but because nobody explained them,…
Mileage is one of the most valuable tax deductions available to freelancers — and one of the most commonly mishandled. The average self-employed person drives roughly 15,000 business miles per year. At the 2026 IRS…
Here’s the answer that surprises most freelancers researching this question: forming an LLC, by itself, saves you nothing in taxes. A single-member LLC is, for federal tax purposes, a “disregarded entity” — the IRS treats…
If you’re a freelancer, independent contractor, or sole proprietor, there’s a powerful tax deduction you may be leaving on the table: the Qualified Business Income (QBI) deduction, also known as the Section 199A deduction. Introduced by…
If you earned $400 or more from freelancing or self-employment in a year, the IRS requires you to file Schedule SE with your federal tax return. This form calculates your self-employment (SE) tax — the freelancer’s equivalent…