1099 Workers: Independent Contractor Tax Obligations
By IRS Self-Employment Division | 8 min read
Navigate independent contractor taxes with IRS guidance. Self-employment tax, quarterly payments, and deductions.
Independent contractors have different tax obligations than employees. Key requirements: Pay self-employment tax on earnings over $400, Make quarterly estimated tax payments, Deduct legitimate business expenses, Keep detailed income and expense records. Common deductions: Home office expenses, Vehicle expenses, Equipment and supplies, Professional development. Use Schedule C to report business income and expenses.\n\n**Related Resources**\n- [Financial Planning Tools](/tools)\n- [Budget Calculator](/budget-planner)\n- [Credit Guide](/category/Debt%20%26%20Credit)\n- [Money Saving Tips](/category/Save%20Money)