If your husband is an independent contractor, a consultant or a freelancer, he will be getting some or all of his income reported on a 1099-NEC.
When he is considered self employed and he receives a 1099-NEC TurboTax will ask him to enter some information about his business. His business can just be his name, address, and social security number.
When he is paid this way, there’s no withholding taken out of his income, which means he will pay both self-employment tax as well as income tax. However, as self employed, he can deduct his expenses. This helps him reduce the taxes he might owe.
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