Tag Archives: freelance deductions

Tax Advice for 2009 Freelancer Income

money

by Joe Wallace

Most freelance blogs preface any post about taxes by saying, “This is not tax advice. Consult a tax pro for advice on filing your taxes.” Well, I’m through with all that–at least for this post. I’m going to flat out dispense some tax advice here and boy, is it some sound advice. (Nice ego, eh?)

This advice isn’t really that radical, but it can spare you plenty of grief come April 15th–especially if you’ve made too much money in 2009 and need some last-minute help offsetting a big tax bill.

Here’s my tax advice: Gather up all your receipts this weekend or next, figure out your expenses for the year and measure them against your income. Yes–I’m suggesting you do a dry run on figuring out your 2009 taxes to see how much you owe. Continue reading Tax Advice for 2009 Freelancer Income