How Do I File Taxes as a Freelancer or Gig Worker?
If you’re a freelancer, gig worker, creator, or self-employed professional based in Los Angeles or the greater LA area, navigating tax season can feel overwhelming — especially if you’re juggling multiple income streams, tracking expenses, and unsure what you can actually deduct. But understanding how to file taxes properly can save you thousands of dollars and help you stay compliant with the IRS.
What Counts as Freelance or Gig Work?
You’re considered self-employed if you earn income from any of the following:
- Freelance writing, design, or coding
- Rideshare driving (Uber, Lyft) or delivery apps (DoorDash, Instacart)
- Content creation (YouTube, TikTok, OnlyFans, Twitch)
- Consulting or coaching
- Selling products or services online (Etsy, Shopify, etc.)
As a self-employed person, you don’t receive a W-2 from an employer. Instead, you’ll typically receive Form 1099-NEC or 1099-K from clients or platforms that paid you more than $600 in a year (or in some cases, even less due to new IRS thresholds).
- Understand Your Tax Obligations
As a freelancer, you’re responsible for paying both:
- Income Tax
- Self-Employment Tax (Social Security & Medicare, currently 15.3%)
Unlike traditional employees, no taxes are withheld from your earnings — meaning you may need to pay estimated taxes quarterly to avoid penalties. For 2025, upcoming estimated tax deadlines include:
- June 16, 2025 (Q2)
- September 15, 2025 (Q3)
- January 15, 2026 (Q4)
- Track All Income and Expenses
Accurate bookkeeping is essential. Use apps or spreadsheets to log:
Income:
- 1099s
- Direct payments from clients
- Tips and cash earnings
Deductible Expenses:
- Home office costs
- Software and equipment
- Internet and phone bills
- Business travel
- Marketing and website costs
Freelancers in Los Angeles — especially creators and gig workers — often miss out on valuable deductions. A CPA for YouTubers or a Tax Advisor Los Angeles can help you identify legitimate write-offs without triggering red flags.
- File the Right Tax Forms
Most self-employed individuals will need to file:
- Schedule C (Profit or Loss from Business)
- Schedule SE (Self-Employment Tax)
- Form 1040 (Individual Tax Return)
- Form 1099-K or 1099-NEC (provided by clients/platforms)
If you’ve made more than $400 in self-employed income, you’re required to file — even if you also have a regular job.
- LA County Extension: What You Need to Know
Due to the recent storms and fires in California, many Los Angeles County taxpayers — including freelancers and gig workers — have been granted an extension to file and pay taxes until October 15, 2025. This includes:
- Individual income tax returns
- Quarterly estimated tax payments
- Business returns (like S Corps or LLCs)
However, it’s still recommended to make your estimated payments on time if possible, to avoid a large lump sum later in the year.
- Don’t DIY if You Don’t Have To
Tax filing for freelancers and gig workers can get complex fast — especially when dealing with multiple 1099s, deductions, and estimated payments. Working with a professional can help you:
- Maximize deductions legally
- Stay compliant with evolving tax laws
- Avoid penalties and audits
- Reduce your overall tax bill
At Velin & Associates, Inc., we specialize in Accounting Services in Los Angeles for freelancers, creators, and small business owners. Whether you’re a YouTuber, consultant, or gig worker, we’ll help you file accurately, on time, and with confidence.
Stay Focused on Your Work — Let Us Handle the Numbers
Velin & Associates, Inc.
📞 323-902-1000
📧 dmitriy@losangelescpa.org
🌐 www.losangelescpa.org
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.