I have a lot of questions about this but I'm only going to dive into these two for now:
What tool can I use to calculate my taxes?
As a freelancer, are there other options besides filing as self-employed, and what are they?
The situation: I'm a U.S. citizen working in U.S. This year, I started working as a freelance web developer, and I want to know how much taxes I'll have to pay. This would be helpful in bidding projects, because I would be able to just add taxes on to the price I charge. I'm guessing it has to do with how much I make, but does anyone know the specific breakdown?
Last year, I worked in construction for a home owner. Because he hired me as a contracted laborer, he didn't give me a W2 or a 1099, and I had to file my taxes as self employed. I ended up owing a lot of money I hadn't planned on even though I had saved some money each paycheck for taxes. This sucked a lot, and I want to avoid that. Am I going to file them the same this year? (Nothing else tax-related has changed but my job)
I don't even know where to start looking for answers. Any suggestions for where to go for professional advice?
I found a similar question here.
Similarities: I'm a student full time.
- I'm not Canadian
- I don't expect to make a lot of money at this
Other tax related stuff: I'm not married, I don't own a business, I don't even have a business license, I haven't asked for 1099s from my clients.