If you earned less than $600 from any single source, you still have to report this income. If you earn at least $600 in 2021 from a single source (one driving app, one client, etc.), that source must send you a 1099-NEC. In most cases, you’ll receive a 1099-NEC and will use that information to file your taxes. Your 1099s must be postmarked by the companies you work for by January 31, meaning you should have them in hand a few days into February. Your first goal in the tax filing process is to find your 1099s. Self-employed or independent workers will usually receive 1099 forms that report their income. Here are some documents you’ll want to make sure you have with you:Īny W-2s or other income documents or reports that companies have sent you That’s why the very first step to filing your taxes is gathering information about your income. When you file your taxes, you’re reporting your income, deductions, and a few details about your tax situation to the IRS. Get it today!) Step 1: Gather all your income information (Don't forget, the FREE Stride App can help you save thousands of dollars on your tax bill and hours of tax prep time by automatically tracking your miles and expenses, surfacing money-saving deductions, and getting your forms IRS-ready. Filing taxes with 1099 income? It's hard to know where to start when it comes to 1099 taxes, but the process is less complicated than you think! Follow these five steps, and you’ll be well on your way to filing taxes with confidence.
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