Self-Employment Taxes Explained|| If you have income from 1099, gig economy, or freelance work, you are subject to self-employment tax. These taxes are not withheld from your payments, so you have to make your own payments to the IRS. This causes people lots of concern and worry, so I explain some important things you need to consider to file your self-employment taxes. I talk about how to estimate your self-employment taxes, 1099 tax deductions, and what to do if you owe money to the IRS.
#1099taxes #selfemploymenttax #tax
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I|I| THE WEALTH VIBE
Helping you to eliminate debt, grow your income, and build wealth so you can live a life of prosperity and generosity. Weekly videos that show you how to attack debt through budgeting and monitoring your spending. Weekly tips and strategies to earn extra money using the gig economy, your career, and skills and talents. Chronicling my journey to accumulate wealth with a peek at my net worth, savings, and investments. If you’re passionate about taking full control of your financial life, subscribe and hit the notification bell so you don’t miss any updates on this channel.
I|I| A LITTLE INFO ABOUT SHANA
Hi, I’m Shana Green.
I’m just like any other person out there - I went through the usual drill of school and picking up a few degrees, now work… I accumulated about $108,000 in debt across IRS, student loans, credit card bills and payments on my car. Despite my PhD in Public Health, I felt so unsuccessful as the numbers kept adding up and my debt kept piling on, threatening to spill over. But I found a way out of it. It wasn’t easy – I had to work 3 extra to pay off about $48,000 in debt in a little over a year. You probably are in debt too—most people are in debt. I believe you can’t live your best life with debt. I want to help others find a way out. I created The Wealth Vibe platform to share tips that I gathered from my own personal experiences with budgeting, earning extra income, and paying off debt. At the end of the day, I’m no financial expert. But now I am well on my way to generating wealth. When you achieve wealth you can live abundantly and generously. That’s the life I’m striving for.
I|I| WATCH THESE TO LEARN MORE ABOUT SHANA:
PhD to GrubHub: Paying off $108K in Debt with GrubHub - https://youtu.be/kCaZmuy7Nrw
Debt Story: How I got into $108,000 in Debt - https://youtu.be/KbFwMoKtz9U
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