This video was created with GEICO.
Working as a freelancer has its benefits, but filing self-employment taxes can be complicated. Freelancers are required to pay separate taxes in order to fund Medicare and social security, sent as quarterly payments throughout the year.
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But if you’re not sure what a 1099-MISC form is, or you’re having a hard time calculating your quarterly withholdings, don’t fret. At The Tax Spa, we break it down to the essentials so you don’t have to go it alone.
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