ErnieS0
Expert Alumni

Deductions & credits

Independent contractors are responsible for their own taxes @Cladja1. If you are a US citizen working in the US you will report all your income on your US tax return, regardless of whether you work for a US or foreign company.

 

You will not get a W-2 as an an independent contractor. You may get a Form 1099. If you do not, you will reported your income as a Other self-employed income in TurboTax.

 

New Jersey

New Jersey residents are taxed on income earned anywhere so you will report all your income to NJ, regardless whether you earned it on a W-2 or Form 1099 or in cash or check.

 

Unemployment

If you are a W-2 employee you are generally eligible for unemployment. Your NJ W-2 should have entries for UI/WF/SWF (unemployment, workforce development and supplemental workforce development).

 

Independent contractors are not eligible for unemployment.

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