Compare tax software designed for freelancers, gig workers, and self-employed individuals. Find the best tools for maximizing deductions on Schedule C.
Use our free Self-Employment Tax Calculator to analyze your own situation and make the best decision.
Self-employed individuals typically need Schedule C (business income/expenses), Schedule SE (self-employment tax), and potentially 1099 forms from clients. You may also need Schedule E for rental income and various state forms.
Common self-employment deductions include home office expenses, vehicle mileage, health insurance premiums, equipment/software, internet and phone costs, professional development, and the QBI (Qualified Business Income) deduction of up to 20%.
If you expect to owe $1,000 or more in taxes for the year, the IRS requires quarterly estimated tax payments (due April 15, June 15, September 15, and January 15). Underpaying can result in penalties.
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