Starting a new full time position in a few weeks but had an old client reach out about doing a freelance project. I’ve never freelanced before. What would I need to set up for taxes, etc.? TIA!

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Posting as :
works at
You are currently posting as works at

Just put aside 25-30% of whatever you get paid. You'll get 1099d and you'll owe that when you file. Other than that, pretty simple and straightforward.

likehelpful

This is what I would suggest as well. Best of luck to you.

They'll most likely give you a 1099 and you'll just have to claim it during tax season

helpful

If you’re just doing one freelance project u shouldn’t have to set up anything.

i heard if you dont make more than a certain amount, then you dont need to report.

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