Last Updated: January 23, 2025 For freelancers, independent contractors, and gig workers, understanding 1099 taxes can be challenging. Without the tax withholdings that traditional employees enjoy, fulfilling your tax obligations can seem like an uphill battle. However, with the right guidance and tools, managing your taxes doesn’t have to be daunting. In this guide, we’ll cover everything you need to know about handling 1099 income, from understanding tax forms and calculating payments to maximizing self-employed deductions and staying IRS-compliant. Tools like a 1099 tax calculator, and apps such as MileageWise can

Last Updated: April 8, 2024 Welcome to our comprehensive guide on tax-saving strategies! In today’s world, where financial savviness is more important than ever, understanding how to navigate taxes can significantly impact your economic well-being. Whether you’re a small business owner, a working professional, or someone simply trying to manage personal finances more effectively, this guide is tailored to provide valuable insights into the realm of taxes. In this guide, you’ll find dedicated sections on various aspects of tax savings, such as expert tax advice, the fundamentals of tax optimization,

Last Updated: February 3, 2025  Whether you’re a seasoned filer or a first-timer, the thought of tax season often brings a mix of apprehension and uncertainty. But fear not! This comprehensive guide is your beacon through the maze of tax codes and IRS guidelines. We’re not just going to walk you through the essentials of tax preparation; we’re going to transform it into an understandable and even empowering experience. This article is designed to dismantle the complexities of tax filing, offering clear, concise, and actionable advice. From decoding the cryptic

Aug 30, 2023 We’re inching closer to the end of summer, and as much as we want to hold onto the warm weather and beach days, we also have to keep an eye on our financial responsibilities. For self-employed individuals, freelancers, and others who don’t have taxes withheld from their income, September 15, 2023, is a crucial date. Why? It’s an important tax deadline, the due date for your third quarter estimated tax payment for 2023. Who Should Be Concerned? Self-Employed Individuals: If you are your own boss, you likely