Self-Employment Taxes Explained: Tax Tips for Gig Workers & Side-Hustles

Do you own a small business, or are you a gig-worker, freelancer, or self-employed with a side-hustle? It can be a complex journey, but have no fear! In this informative video, Mark Steber (Jackson Hewitt’s Chief Tax Information Officer) has your back. He will give you the top tax tips and strategies to help you make sense of self-employment taxes and keep more of your hard-earned money in your pocket this year.

Here's what we cover in this video:
00:31 How to know who is considered an independent contractor, gig worker, side hustler, or freelancer by the IRS
01:39 Examples of self-employed and gig worker jobs
03:25 What self-employment tax forms you’ll receive from the businesses you worked for
04:38 Common tax deductions
05:54 Top business-related expenses that can count as a deduction
06:58 When self-employed taxpayers need to pay taxes
09:11 How retirement savings benefit a tax return

Don’t get overwhelmed, watch this video and you’ll gain the knowledge and strategies you need to help before you file your tax return this year.

Read more about taxes for gig workers here: www.jacksonhewitt.com/tax-help/tax-tips-topics/sel…

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