Do Freelancers Need an EIN? When to Get One (and When to Skip It) Do freelancers need an EIN? Short answer: not usually. If you’re a sole proprietor with no employees, the IRS does not require you to have an Employer Identification Number — your Social Security number works just fine for filing your taxes. … Read more
1099-NEC vs 1099-MISC: Which One Should Freelancers Expect? (2027 Guide) In this guide: 1099-NEC vs 1099-MISC: The Quick Answer What the 1099-NEC Actually Reports What the 1099-MISC Reports (and Why Freelancers Rarely Get One) The New $2,000 Reporting Threshold (Big Change for 2026) 1099-NEC vs 1099-MISC Deadlines: The 2027 Calendar What If You Receive the … Read more
If you’re self-employed in the United States — freelancing, consulting, driving for a rideshare app, or running any unincorporated business — you owe a tax that W-2 employees never see itemized on a pay stub. It’s called self-employment tax, and for 2027 the headline number is the same as it’s been for years: 15.3%. Put … Read more
What percentage should freelancers set aside for taxes? If you freelance in the United States, you’ve heard the rule: set aside 25–30% of every payment for taxes. It shows up in Reddit threads, Facebook groups, and accountants’ onboarding emails alike. But where does that number actually come from — and is it right for your … Read more