This video was created with GEICO.
Working as a freelancer has its benefits, but filing self-employment taxes can be complicated. Freelancers are required to pay separate taxes in order to fund Medicare and social security, sent as quarterly payments throughout the year.
Videos by VICE
But if you’re not sure what a 1099-MISC form is, or you’re having a hard time calculating your quarterly withholdings, don’t fret. At The Tax Spa, we break it down to the essentials so you don’t have to go it alone.
More
From VICE
-
De'Longhi Dedica Duo – Credit: De'Longhi -
We Are/Getty Images -
Photo by tang90246 via Getty Images -
Credit: SimpleImages via Getty Images