1099 nurse Houston Texas

[jlm81493]

I have a W2 job and recently started 1099 work as an independent contractor August 2024. Is it required that I setup a business and file business taxes, or can I claim my 1099 income on my personal taxes and still be able to have tax write offs?

[FranklinF]

You are NOT required to set up a business right now if you do not want to deal with any paperwork, however you should set up your Estimated Tax Payments (about 15.3 % of your self employment earnings. Your 1099 Income will go on your personal tax return as self-employment income, Schedule C.

But there is more ...

You can have a more accurate calculation using a Tax Calculator where you can input the other circumstances surrounding your next year tax filing obligations.
Tax Calculator 2023 

Lastly, below are the Estimated Taxes Deadlines:
1.  April 15th
2.  June 15th
3.  September 15th
4.  January 15th
When to Pay Estimated Tax 

 
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