TurboTax Self-Employed

TurboTax Self-Employed is an excellent choice for anyone working independently or running a small business. With features like automatic expense tracking, integration with QuickBooks, and expert guidance, it simplifies the complexities of self-employed tax filing. Whether you’re filing your taxes for the first time as a freelancer or have been self-employed for years, TurboTax Self-Employed provides the tools you need to file accurately, maximize deductions, and get the best possible return.

Who pays self-employment taxes?

Self-employment taxes done right, however you choose

How TurboTax self-employed works?

• Start by creating a TurboTax account or logging into an existing one.

• TurboTax Self-Employed will guide you through entering your income, whether it’s from 1099 forms, gig work, or cash payments.

• You’ll enter your business expenses, which can be categorized automatically by TurboTax. You can also sync with QuickBooks Self-Employed for automatic import of expense data.

• TurboTax will ask specific questions related to your business, income, and expenses to ensure you’re maximizing your deductions.

• The software will automatically calculate your self-employment tax and let you know if you need to make any estimated quarterly payments.

• TurboTax will review your return, calculate your refund or taxes owed, and help you e-file with the IRS and state tax agencies. If you prefer, you can print and mail your return as well.

Benefits

• Accurate Reporting: Ensure accurate business expense and income reporting.

• Maximize Refund: Identify eligible deductions and credits.

• Time-Saving: Streamlined process reduces preparation time.

• Security: Encryption and two-factor authentication protect data.

• Audit Protection: Free audit support and representation.