Self-employment taxes can add up for independent contractors, but tax deductions are a welcome perk. Many, or all, of the products featured on this page are from our advertising partners who ...

This tax year millions of independent workers will receive Form 1099-NEC in the mail or electronically — prompting questions of what it is and how to use it for taxes.

How you’re classified as an employee will affect how you file your taxes. So, does that mean you’re a W-2 or a 1099 employee? If you’re an employee, you’ll receive a W-2. And if you’re an independent ...

At tax time, employees will get a form that shows how much they earned the previous year from each company they worked for. But some will get a W-2 form, and some will get a 1099-NEC form. So what’s ...

Independent contractors have more tax leg work to do than salaried workers who receive pay from just one source. It is paramount you keep accurate records of your pay and expenses so you don’t run ...

If you run a small business and work with independent contractors, the different tax forms you’re responsible for processing with nonemployee hires might feel like alphabet soup. Two of the most ...