9 Tax-Time Tips For Consultants And Contract Employees

tax tips contractors
tax tips contractors

By Justin Thompson

Tax season is upon us, with less than two months to go until the April 17th deadline.

Last year at this time I was a contract employee, and I remember the hassle of having to go through my taxes. I didn't know what I was getting myself into, but I did listen to my mother's sage advice to always "pay yourself first." I hid money away, because I knew I'd have to fork over cash to Uncle Sam since no taxes were taken out of my paycheck.