How to Prepare for US Tax Season as a Freelancer
In short: To prepare for the 2027 US tax season as a freelancer, collect and check your 1099s in January (clients who paid you $2,000 or more in 2026 must send a Form 1099-NEC by February 1, 2027), organize your expenses into Schedule C categories in February and March, and file and pay by April 15. Form 4868 extends the filing deadline to October 15, but not the payment deadline.
Read More1099 Expense Tracking: A Guide for US Freelancers
In short: US freelancers paid on a 1099 deduct business expenses that are ordinary and necessary for their work on Schedule C, which lowers both income tax and self-employment tax. Keep a receipt or written record for every deduction, a mileage log for vehicle costs and your home office measurements for at least six years, and set aside 25-30% of every payment for taxes.
Read MoreLast-Minute US Tax Filing Tips for Freelancers
In short: Before the IRS deadline for 2025 returns (April 15, 2026), gather every 1099-NEC and 1099-K, report all freelance income even if no form arrived, check often-missed deductions such as home office, mileage and health insurance, and pay what you owe. If you can't finish in time, file Form 4868 for an automatic six-month extension to October 15, but still pay by the April deadline.
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