When it is time to prepare your 2023 tax return in 2024, if you use online TurboTax you will need to use online Self-Employed OR any version of the CD/download so that you can prepare a Schedule C for your business expenses and prepare the form for your self-employment (SE) tax for Social Security and Medicare. If you qualify you might also be able to use free software on the IRS site.
When you are self-employed, you pay all of your Social Security and Medicare, since it is not being withheld from your pay and an employer is not paying a portion of it. Keep very detailed, meticulous records of your own expenses so that you can use them on your Schedule C.
https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes
https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...
https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922
https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax
https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c
https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct
https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs
https://turbotax.intuit.com/tax-tools/calculators/self-employed/
-Use this IRS site for other ways to file for free. There are 8 free software versions available from the IRS Free File site
https://apps.irs.gov/app/freeFile/
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
