Back to Menu
    The Vault lock icon
    Level 2
    Classified Full Access

    For the business owner ready to implement key strategies and concepts with the right guidance and support.

    The Vault

    IRS Introduces Gig Economy Tax Center


    The IRS has launched the Gig Economy Tax Center aimed at helping freelancers in the gig economy understand and meet their tax obligations.

    Gig economy workers must comply with the same tax rules governing small businesses. In other words, they must withhold their own income and self-employment taxes, make quarterly estimated payments, and apportion expenses between business and personal use to determine taxable income.

    At first glance, The Gig Economy Tax Center appears to help gig economy participants determine what their obligations are and answer common questions related to freelance work. This ranges from locating tax forms to how to deduct expenses to how to file and pay federal income and self-employment taxes.


    You may also be interested in

    Stay connected

    Sign up for our updates.

    We have a pretty great insights that dig into issues, you really care about.