How Uncle Sam taxes independent contractors

Plus, be your own boss and insurance provider [The Penny Hoarder Daily]( [Tax relief for the self-employed]( [The Taxman Cometh]( [Tax relief for the self-employed]( Ah, the perks of freelance life — being your own boss, your pet as your coworker, and the freedom to work from wherever you want. It’s a dream come true – until quarterly taxes are due. Filing taxes as an independent contractor is about as fun as those long, boring meetings you’ve done so well to avoid, but it doesn’t have to be a nightmare. Here are some tips to [make tax time a breeze]( for independent contractors.   [5 Things That’ll Save You Thousands on Your Home]( Here’s one — don’t buy a bunch of useless junk on Amazon. It doesn’t matter what those articles say, a micro-sized brush and dustbin for your desk, or a portable blender for “anytime” smoothies are not gonna make your house feel more bearable. But if you insist, there’s an app that can save you money while you do it. We’ll tell you how, plus, see what else you can do to [save thousands on home expenses](. [Lower Your Expenses](   [Feeling Burned By Your Pricey Car Loan?]( [Feeling Burned By Your Pricey Car Loan?]( That monthly car payment might have you reconsidering just how far you can walk. From finding ways to save online to consolidating your debt with lower interest payments, here’s how you can [steer your budget back on track]( if you think you paid too much for your car.   [Become Your Own Insurance Provider]( From protecting your family’s health and home to covering Fluffy’s vet bills and your rare Beanie Baby collection, there’s a different type of insurance for every mishap life throws your way. Would self-insurance give you [the same peace of mind at a lower cost]( Let’s discuss what it is, and whether it’s a good option for you. [Ask these companies for money when you can't pay your bills]( [Be Remembered Forever — Leave Your Kids a Lot of Money]( Good news for your kids — you don’t have to be born rich to create generational wealth for your posterity. You just gotta be smart and think ahead. Here are a few ways to [start your generational-wealth plan](.   [Your House Is In a Flood Zone — Now What?]( Floods are both more dangerous and common than you may think. But how do you know if you’re at risk? Flood maps will tell you if you’re in a flood zone, and they even determine who can even get flood insurance in the first place. Our insurance expert [spills the details](.   [We'll Text You More Money Tips]( Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. [Learn more]( about how we make money and select our advertising partners. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin. © 2024 The Penny Hoarder. All rights reserved. 490 1st Ave S. Suite 800 | Saint Petersburg, FL 33701 | U.S. [View in browser]( [Mailing preferences]( | [Unsubscribe]( | [Privacy Policy](