Your Guide to Taxes for Self-Employed and Gig Workers
- Miguel Virgen, PhD Student in Business
- Mar 13
- 3 min read
March 13 (Doctors In Business Journal) - Navigating taxes can be daunting for anyone, but it’s especially challenging for self-employed individuals and gig workers. Unlike traditional employees who receive W-2s, self-employed individuals typically receive 1099s, which means they are responsible for managing their own tax obligations. Understanding how to properly file taxes, claim deductions, and take advantage of tax breaks can significantly reduce your overall tax burden. In this comprehensive guide, we’ll break down everything you need to know about taxes if you’re self-employed or working in the gig economy. From understanding estimated taxes to maximizing deductions, this guide is your cheat sheet for tax efficiency.
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