How to Pay Taxes as a Freelancer?

An average full-time job will have taxes taken out for each paycheck without a response from you. Taxes deduct from earnings for you, which you can partially get back in the upcoming tax season.

If you’re a freelancer, you pay taxes much differently than individuals that work a regular nine-to-five job. Continue reading to learn how you can pay your taxes as a freelancer.

How do freelancers pay federal taxes?

Freelancers can pay taxes through websites and agencies that allow tax payment processing to the federal government.

The Internal Revenue Service (IRS) list these websites where you can pay federal taxes online:

As a freelancer, you’ll have to pay 15.3 percent, which is the federal tax rate for self-employed individuals in the United States. Freelancers and contractors will pay toward the Form 1040-ES (1040ES).

It’s a form that calculates the estimated tax payments of wages you’ve earned for the year.

Regular full-time employees have 7.65 percent deducted from their paychecks.

When you have a full-time job, your employers pay the other half of 15.3 percent. Since you’re a freelancer, you’ll have to pay the full percentage because you’re the employee and the employer.

When should you pay for federal taxes?

Freelancers, contractors, etc. have to pay their federal taxes every quarter. Here are the quarterly dates for federal tax payments.

  • April 15 – for January, February, and March.
  • June 15 – for April and May.
  • September 15 – for June, July, and August.
  • January 15 of the following year – for September, October, November, and December.

Before I talk about a good strategy to pay federal taxes, watch this video on quarterly tax payments.

You can pay your federal taxes before the due date. A reliable tax strategy for freelancers is paying your federal taxes monthly. Instead of paying a lump sum every three months, pay 15.3 percent of the wages you earned for the month.

PayUSATax may prevent you from making multiple payments within a quarter. That’s okay. Try another tax payment processor.

How do you pay local and state tax?

State tax depends on where you live. Each state has a different tax percentage. The great thing about state taxes is you get most of the money back. State tax deductions usually return to you in the next tax season.

Paying your state tax is as simple as paying your federal taxes. You’ll have to find your state’s department of revenue website to make a payment. If you’re a freelancer or contractor, you’ll pay a state tax 1040ES. Business taxes are processed differently.

Like state taxes for individuals, business taxes vary by state.

You can pay local taxes through property taxes. If you own a vehicle, a home, or other property, the local government will send a yearly invoice. The bill is a tax notice, informing you that you owe taxes on your personal or commercial property.

During tax season, you may be able to use your local tax bills as a deduction.

When should you pay state and local taxes?

Treat state taxes like federal taxes and pay it every month. Don’t hold on to the money. Pay it the same day the deposit goes through.

Watch this video on how state and local taxes work during tax season.

For local taxes, pay them before the year is out. Untimely payments of local taxes come with steep fines.

How much should I save for taxes as a freelancer?

It depends. You can save hundreds of dollars if you make tax payments every month. Also, you can save money by doing your taxes yourself. It cost roughly $176 to prepare a regular 1040 and state form.

Automated services online, like TurboTax, has made it easier for freelancers, contractors, and others to do their taxes. If you feel more comfortable with a tax expert, find a tax preparer whose familiar with freelancers.

Freelancers Pay Taxes FAQs

Let’s go over a few frequently asked questions you’ve seen on search engines across the internet. If you have any tips and comments on how to pay your taxes a freelancer, leave them in the comment section below.

How do freelance artists do taxes?

As a self-employed individual, a freelancer artist can pay taxes like all other freelancers and contractors, the 15.3 percent self-employed tax.

Do authors have to pay taxes?

Yes. The authors may or may not be self-employed. If they are self-employed, they will be responsible for paying 15.3 percent of their earnings.

How do I pay my taxes?

You can pay your taxes by phone, online, or by mail to the IRS.

What is the freelance tax percentage?

The freelance tax percentage is under the self-employment tax, which is 15.3 percent.

Do I need to pay tax as a freelancer?

Yes. If you’re earning a wage, you will need to pay your taxes.

Do you charge tax on freelance work?

Some freelancers charge taxes to pay off their taxes for the month, quarter, or year.

What is a Flash Fiction Story?

Flash fiction stories may be less popular than novels, but they’re compelling stories that show the depth of plot in a short amount of time.

Learn more about flash fiction in this blog post. Also, I’ll go over how to write flash fiction.

If you’re looking for a great flash fiction book now, check out my flash fiction collection, Big Bad Flash Stories on Amazon!

What is a flash fiction story?

A flash fiction story is a story without a set word count, but they’re usually 2,000 words or less. Flash fiction stories are useful in revealing allegory in a short amount of time.

Allegory is an item, such as a poem, story or picture, tells a story of hidden meaning.

Those meanings can be moral or political. Allegory is much more than a literary element; it’s a fire starter. It makes the reader discuss and theorize the meaning.

What is a flash fiction example?

An example of flash fiction online is all around you. If you’ve read any lengthy blurbs on Facebook or browsed through clickbait, you have run into a flash story. I didn’t include fiction in that reference because some of those stories have some truth to them.

WordPress is home to a lot of authors and self-publishers who use their own webpages to post flash fiction.

I haven’t done that for ProWriter Board. The focus has of this WordPress site has shifted many times throughout the years. It’s been tough to keep up with it.

How do you write a flash fiction story?

The great about flash fiction stories is that they have no format. It’s merely a developed idea shortened to a few hundred words.

If you’re in writer’s block, use a writing prompt to generate some flash fiction story ideas. It can be frustrating but keep pushing the brainstorming muscle until you feel that tingle of inspiration.

What is the difference between flash fiction and short stories?

The difference between flash fiction stories and short stories is the word count. Here are the estimated word counts for short stories and flash fiction stories.

  • Mini Saga – 50 words
  • Micro-Fiction – 100 words
  • Sudden Fiction – 750 words
  • Flash Fiction – 1,000 words
  • Short Story – 7,500 word

Flash fiction and short stories are quite popular on Amazon. Many self-publishers bundle their stories together in collections.

Magazines ask for flash fiction submissions to showcase an author’s work, while others use platforms like Amazon and WordPress.  I bundled a few stories of my own in Big Bad Flash Stories.

Are flash fiction stories popular for high school and middle school?

They can be. Technology has made everything move faster. Sometimes smartphones can grab the attention of the youth more quickly.

Therefore, flash fiction stories are perfect because they’re usually don’t contain large blocks of text, and they take less than 15 minutes to read.

I encourage high school and middle school administrations to create a flash fiction magazine for students who aspire to be artists and writers. The next Stan Lee or Stephen King may get a head start in a best-selling author career.

Is there a secret to selling more books?

I haven’t figured that out yet, but it appears that selling your book is just as hard as writing it.

Promoting a book requires a different skill. A lot of good writers go unnoticed because of a lack of promotion. I know because I’m living that at the moment.

From this forward, I’ll try harder to promote my current book, Big Bad Flash Stories. Eventually, I’d like to grow my audience.  I hope to reach 500 readers by the end of this year.

When you purchase Big Bad Flash Stories, be sure to leave a review on Good Reads or Amazon. Any feedback would be helpful.

I Want to Reach 500 Readers

I’m getting a little better in staying active on my blog.

I’m coming to you all today because I have set a new goal for myself. My book, Big Bad Flash Stories, has been out for a few months, and I haven’t done a good job promoting it. But it’s never too late. I want to reach 500 readers.

I know it’s possible to get 500 people to check out my book, so I’ll be sharing, posting, and talking more about Big Bad Flash Stories. If you Google Big Bad Flash Stories, the SEO of my book puts it above CW’s Flash.

Another I plan to expand my audience is to create a blog site dedicated solely to free fiction. I have a Patreon, but it needs more content, and I need to grow an audience more.

Go check out Big Bad Flash Stories!

Big Bad Flash Stories is finally here!!!

Hello fellow bloggers and readers. After a long absence, I have finished my first self-published title.

Big Bad Flash Stories is live on Amazon.

This 55-page flash fiction collection details several accounts from our favorite folktale villain, the Big Bad Wolf.

There are several other stories within the collection that serves as an intermission to the wolf’s overall story.

Big Bad Flash Stories covers a multitude of genres with indulgence as a central theme.

This book will be served as an appetizer for what’s to come. Big Bad Flash Stories is just the beginning.

Get your copy here!

Earning Income as a Writer

One of the most frustrating things I faced after graduating college was finding a job in my field of study. I was not aware of the fluctuating job market, and I definitely wasn’t aware of the mindset surrounding a B.A. in English. The way it was explained to me: Undergrad, liberal art degrees aren’t practical.

I was so offended by that statement when I heard it, but I took it. It was a time where I had to take criticism. Well, that offense pushed me to look harder for a job in writing and editing. The harsh reality is searching for a job doesn’t pay the bills. So, I started freelance writing and editing.

The truth about freelancing is you only earn money according to the amount of work you can get. In the beginning, it’s not much. If you feel like it’s not worth it, don’t do it. There will be other opportunities. Be persistent. Research. Sign up to freelance job boards like Upwork and Fiverr. Increase freelance job search efficiency by combing through CareerBuilder, Indeed, and Monster. Remote and telecommute jobs keep you mobile while you search for a full-time job.

Last and certainly not least, don’t give up! I know it’s maddening. The process takes forever. Letters of denial and no response e-emails enrages you. Hold your composure. Arm it with all your skills, and fire it onto your insecurities.

Writing Campaign of 2019

This is likely the final post of 2018. I have been blogging on and off for the past few months.

I’m sure it’s been tough for most of you as well. Our digital worlds are growing and innovators give us something new every three months. It’s hard to keep up with it.

For writers, these distractions keep our golden ideas buried under a mountain of priorities.

I’ve kept my priorities in check over the past few months. And I admit, I’ve put my writing second. I will do that no longer. I will mine out my ideas and write them all down. I’m going to get my stories on the page and make investments that’ll push my art to the forefront so that you all can enjoy it.

I’ve been in the shadows long enough. So join me in a campaign against writer’s block and doubt. We’re on the road to write with a warring persistence and edit with a hawk’s meticulous eye.

Keys to Staying Motivated while Part-Time or Unemployed

Although the current innovative life we live is full of information, we often miss cues of knowledge in regards to education and the career market.

It feels good to know what you want to do when you successfully complete a two-year or four-year degree program. It fills you with pride to know that you’ve completed a life mission that you set for yourself.

Then the time comes. Life’s test becomes a set of challenges that aren’t learned from any college course. Trial and error are the elements of life now. There’s no book that’ll give any definitive results. You’ll just have to wait for what comes out of the unknown.

Control Your Passions

The call for a job interview will reinstate anyone’s confidence after a long period of not working. Prepare youself for the interview. Present yourself effectively with neat clothes, clean hair, and gather information about the hire manager’s company.

However, don’t get so excited that you’ve made plans profound plans on working there when you haven’t acquired the job.

It’s positive reinforcement to speak your success into existence. Leave room for disappointment. There are other candidates just like you with equal or more skill.

Have A Plan

While you’re waiting to get to your career, it’s good idea to work a job. It’s likely to be a little more than minimum wagrle, but it’ll put money in your pocket.

Pride is the biggest problem here. Maintain your emotional composure. The job, in the meantime, will pay the bills.

Use your free time to build your resume. Find a detail about your job where you can use your degree or skills.

Expand Your Niche

These days, employers want their employees to wear a lot of hats. A college degree, although impressive, may not be sufficient in a specific market. Some areas have a demand for particular niche narrowing your chances to find a viable career.

To combat this problem, find out the needs of applicants who likely to get hired in your local area. Take a step further and see what skills are trending.

Use Tutorials

An effective tool for learning new software or learning trendy skills are tutorials.

You’d be surprised how much you’ll learn from following along with a narrator. Do as instructed in each tutorial to build basic knowledge. As you learn, you’ll begin to establish creativity that will eventually push your skills beyond basic.

What Now?

Take your time. Don’t rush. Scan through the details especially in regards to your resume and cover letter.

Do your research on a employer’s organization if you get a call. Be responsive when someone reaches out to you even if you’re not interested.

Fail or success, this period of your life is practice for the real thing.

Minimize Negativity on Social Media Profiles

Social media is an awesome tool. It’s an efficient promoting entity that has a lot of benefits and a lot of drawbacks.

Although social media has been around for many years, there are those who still fall prey to its negative effects.

It’s gotten so bad that businesses have been shut down, people have been fired, while others have been expelled from schools.

What causes such an event? And how does a person avoid these drawbacks from social media?

Create More Than One Social Media Account

Many professionals create two or more social media accounts. One is for professional use while the other is for personal use.

To keep a personal social media account private, restrict who can see the page in the account settings. Also, change the name of the personal page to a nickname or a creative name that doesn’t clearly identify the profile owner.

It can be hard to manage, but it’s necessary.

Stay Away from Politics

Lately, politics have created a wedge between friends and businesses. To avoid negativity, don’t bother posting anything related to it.

Politics are emotionally charged. Debates can get personal. Comments or responses can be taken out of context, which can hurt the reputation of an individual, a brand, or a business.

Remain objective. Better yet, don’t respond at all.

Never Post Frustrations about any Employer

Many people have lost their jobs because of frustrations that come with their job.

Never post anything negative in regards to work, not even on personal social media accounts. Information gets around fast. The second its posted, the user loses control of it.

Is there a Way to Prevent Negativity from my Social Media page(s)?

The short answer is no.

Social media is part of the internet. A barrage of opinions, debates, facts, and all manner of information floods the timeline for each account holder. Negative press is going to come up.

If there is something on the social media that offends the profile user, simply block it from showing up ever again. When another page or user pops up, block those too.

The mission is to not be tempted to engage negative energy.

Top 5 Distractions for Writers

Brainstorming the infinite possibilities of a writer’s creativity is fun to talk about, but talking about writing doesn’t put words on the page.

Once the writing process starts, consistency becomes a constant struggle.

These days, technology soaks up most of our time. If our cellphones aren’t in our hands, we’re likely invested into television or a computer screen. Regardless of what it is, technology can be a distraction when we’re trying to get our writing done. But technology isn’t the only detractor that affects our writing.

Consider these factors listed below as known distractors to writers.

1. Internet

The World Wide Web is an essential to research, social marketing, and entertainment. Because of the infinite possibilities, most of us find ourselves shopping or reacting to cute puppy videos.

As fun as creativity is, writing is forced to compete with the ever tempting after thought that just won’t go away until we take a small peek, which can last for hours.

2. Gaming

Those of us who grew up in the era of games understand how captivating video games can be. They are just as fun as any book, comic, or film. Actually, most of these games are derived from these items.

Video games take up as much time as the internet. In combination with story and graphics, games present challenges that frustrate and reward players for long hours of play time. This means more inspiring time but less writing.

There has to be limit. Writers can be both creator and gamer, however, time must be managed effectively to get writing done.

3. Career / Work

The rule of thumb for all writers, fiction and nonfiction, is to never quit a day job.

The reality of a writer is like the reality of a singer. Many are talented, few get through the passage to noteriety. Therefore, it’s important for writers to have a career to ensure they earn a living.

Sometimes, the job chokes our inspiration. Sometimes, writers trade a few hundred words for sleep.

4. Writing at Home

Like any other technological distraction, the humble of bode is just as distracting. We are most comfortable at home, and many of us find something around the house to mess with instead of writing.

Parents face the toughest challenge. Toddlers and pre-teens are awesome but can be more than an arm full. Considering children as a distraction is insensitive, however, it’s going to be a long day to get 200 hundred words on the page when the kids get curious.

5. Writer’s Block

Staring at a blank page is a symptom of writer’s block. It’s the undeniable condition that illustrates how the brain has worn itself out. The words don’t flow as good when they’re forced out, and the classic continuous backspacing leaves the writer just as empty as the blank page.

Writer’s block lock writers into a brainstorm and floods them with deluge of anxiety.

But there is a silver lining at edge of it. Writers should continue writing even if it sounds like they’re sloshing through muddy ideas. Write them down and save them until they’re dry enough to sculpt.

Dealing with Distractions

There’s no avoiding distractions. They will appear and loom over the writer’s shoulder. How writer’s deal with distractions is the true test.

Despite challenges, work load, and anxiety, writers should write on. Conditions are part of the journey that mold writers into excellent story tellers.

Why I don’t post flash fiction to blogs?

Recently, I came to the conclusion that I will release a collection of flash fiction through Amazon.

But why Amazon? Why not post them here on your blog like the others?

I like the idea of giving away my stories for free, but sharing a blog post through social media is like rolling a Sweettart on a highway. It’s a hit or miss for online traffic. I haven’t given up. That Sweettart that’s rolling among the speedy vessels will gain some traction.

Entities like Amazon, however, is concentrated. Readers search for books that is worth time and money.