What are the tax implications of being a freelance comic artist?

Responsive Ad Header

Question

Grade: Education Subject: Comic
What are the tax implications of being a freelance comic artist?
Asked by:
64 Viewed 64 Answers
Responsive Ad After Question

Answer (64)

Best Answer
(317)
As a freelancer, you're responsible for paying self-employment taxes (Social Security and Medicare) in addition to income tax. You'll need to track your income and expenses carefully, and potentially make quarterly estimated tax payments. Consulting with a tax professional is highly recommended to ensure compliance.