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How Do I Report My Taxes From UpWork?

Last updated on September 30, 2022 @ 11:15 pm

If you’re an independent contractor who uses UpWork to find clients and get work done, you’re probably wondering how to go about filing your taxes. After all, UpWork takes a percentage of your earnings, so it’s not like you’re getting a regular paycheck from an employer. This can make tax time a bit confusing, but don’t worry – we’re here to help!

The first thing you need to do is gather up all of the 1099 forms that UpWork has sent you. These forms will show how much money you earned from each client over the course of the year, and they’re essential for correctly filing your taxes.

If you can’t find all of your 1099 forms, don’t worry – you can request them from UpWork. Just log in to your account, click on the “Earnings” tab, and then select “1099” from the drop-down menu.

PRO TIP: If you are an Upwork freelancer, it is your responsibility to report your taxes. The IRS requires all Upwork freelancers to report their income and pay taxes on their earnings. If you do not report your income and pay your taxes, you may be subject to penalties and interest.

Once you have all of your 1099 forms, it’s time to start filling out your tax return. You’ll need to include both your federal and state taxes, as well as any local taxes that may be applicable. If you’re not sure how to fill out your return, there are plenty of resources available online, or you can always consult with a tax professional.

Once you’ve completed your tax return, simply mail it off to the IRS (for federal taxes) or your state tax agency (for state taxes). That’s it! Filing taxes as an independent contractor doesn’t have to be complicated or confusing – just gather up your 1099 forms and fill out your return as usual.

Conclusion: How Do I Report My Taxes From UpWork?
Filing taxes as an independent contractor who uses UpWork is relatively simple: just gather up all of the 1099 forms that UpWork has sent you and use them to fill out your tax return as usual. If you’re not sure how to fill out the return, there are plenty of resources available online or you can always consult with a tax professional.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.