These days, more professionals are shifting from the role of full-time employee to freelancer, a movement that some refer to as a gig economy. If you have freelance income to report by U.S. tax day (Apr. 17), your taxes will be more involved than your colleagues’, who only have W-2 forms.
Whether this is your first year self-employed, or you’re an experienced entrepreneur, freelancing comes with a whole new set of tax issues. But you can still find plenty of opportunities to cut your tax bill.