A 2015 report from the Freelancers’ Union and Upwork found that nearly 54 million Americans do some type of freelance work. According to the report, 43% of these freelancers are millennials, and 83% of the freelancers surveyed think “the best days are ahead” for their method of work.
Freelancing is catching on.
Come tax season, though, taking on freelance projects might seem a little less appealing. Taxes are complicated for everyone — but freelancers have a whole host of special considerations.
The infographic below, from Fraim CPA, outlines the tax preparation steps any freelancer will want to keep in mind, all year long.
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