Finance & Admin
Freelance Taxes Basics
Stop Fearing April: Master the Three Freelance Taxes Before They Master You
12 lessons4 modules9h 5m durationbeginner level
About this course
Most freelancers do great work and then get ambushed in April by a tax bill they never set money aside for, plus penalties they did not know existed. This course explains how self-employment tax and income tax stack, exactly which expenses are deductible and how to substantiate them, and how to calculate and pay quarterly estimates so you never owe a lump sum again. Every module ends with a concrete artifact, from a categorized expense tracker to a four-date quarterly payment calendar and a separate-account savings rule you can set up the same day.
Curriculum
Module 1: How Freelancers Are Actually Taxed
- The Three Taxes on Every Freelance DollarPreview
- What Counts as Taxable Freelance Income🔒
- Employee vs Contractor: Why It Changes Your Taxes🔒
Module 2: Self-Employment Tax and Income Tax in Detail
- Calculating Self-Employment Tax Step by Step🔒
- How Income Tax Brackets Really Work🔒
- The QBI Deduction and Other Profit Reducers🔒
Module 3: Deductions That Actually Survive Scrutiny
- The Ordinary and Necessary Rule🔒
- The Deductions Freelancers Miss Most🔒
- Substantiation: Making Deductions Audit-Proof🔒
Module 4: Quarterly Taxes and a System That Runs Itself
- Why and When You Pay Quarterly🔒
- Calculating Your Estimate and Hitting Safe Harbor🔒
- Tools, Savings Rules, and the Year-End Package🔒
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