Question by makeupalleygirl: What is the correct way to declare freelance income?
I have a regular part time job with the normal tax issues, but I recently accepted a very small freelance writing job as well. I am unsure how to deal with the taxes and social security stuff with this. The job required me to send in a W-9, but I understand this to be only for their records. What is the right way to declare my income for the freelance job, and how do I withhold the right social security etc.? I am completely lost on this, but I want to make sure that I follow all the rules properly. Thanks in advance!
Best answer:
Answer by Wayne Z
Schedule C
Schedule SE (for the social security and medicare taxes on this income)
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