February 6, 2024
Navigating the Tax Landscape: A Gig Worker’s Guide
The rise of gig work is changing the employment landscape, with over 10% of the U.S. population now self-employed. Gig workers are responsible for paying self-employment taxes (up to 15.3% on income up to $168,600 in 2024) and can significantly reduce their tax burden by utilizing deductions. Key strategies include meticulously tracking income and expenses throughout the year using tools like spreadsheets or apps, and understanding deductions for
