A 1099 form is a tax document that reports income you've received outside of a traditional employer paycheck. If you're self-employed, freelance, do contract work, or earn money from investments or rental property, you'll likely receive one or more 1099s during tax season. These forms tell the IRS about income that wasn't withheld for taxes, which means you may owe taxes on it when you file your return.
The articles here explain what different types of 1099 forms report, how to read them, what to do when you receive one, and how they fit into your tax filing. You'll learn the difference between a 1099-NEC and a 1099-MISC, what income thresholds trigger these forms, and how to keep records that match what's reported to the government.
- Common Questions About 1099 Contractors and Retirement SavingsLearn about Common Questions About 1099 Contractors and Retirement Savings
- How to File Your 1099 Tax ReturnLearn about How to File Your 1099 Tax Return
- What Form 1099-NEC Means and When You'll Receive OneLearn about What Form 1099-NEC Means and When You'll Receive One
- SEP-IRA vs Solo 401(k): Which Retirement Account Works for 1099 ContractorsLearn about SEP-IRA vs Solo 401(k): Which Retirement Account Works for 1099 Contractors
- How to Get a 1099 Form From Your Employer or ClientLearn about How to Get a 1099 Form From Your Employer or Client
- What the IRS Is and Why It Matters for Your 1099 IncomeLearn about What the IRS Is and Why It Matters for Your 1099 Income
- How SEP-IRAs and Solo 401(k)s Compare for Self-Employed Retirement SavingsLearn about How SEP-IRAs and Solo 401(k)s Compare for Self-Employed Retirement Savings
- What "Misc" Means on Your 1099 and Why It MattersLearn about What "Misc" Means on Your 1099 and Why It Matters
- What the NEC Box Means on Your 1099-NEC and Why It MattersLearn about What the NEC Box Means on Your 1099-NEC and Why It Matters
- How Solo 401(k)s and SEP IRAs Compare for Self-Employed Retirement SavingsLearn about How Solo 401(k)s and SEP IRAs Compare for Self-Employed Retirement Savings
- How to Report a 1099 on Your Tax ReturnLearn about How to Report a 1099 on Your Tax Return
- How to Report 1099 Income on Your Tax ReturnLearn about How to Report 1099 Income on Your Tax Return