UpWork is a freelancing platform that allows businesses to connect with remote workers around the world. While many businesses use UpWork to find talent for one-time projects or short-term work, some businesses do use UpWork to find long-term, full-time employees.
As a freelancer, you are considered an independent contractor, not an employee of the businesses you work for. This means that you are responsible for your own taxes.
You will need to set aside money from each paycheck to pay your quarterly estimated taxes, as well as your annual income tax.
It is important to note that UpWork does not withhold any taxes from your earnings. This is something you will need to do on your own.
You can learn more about how to pay your taxes as a freelancer here.
Does UpWork Take Tax?
No, UpWork does not take tax from your earnings as a freelancer. You are considered an independent contractor, not an employee of the businesses you work for, which means that you are responsible for your own taxes. You will need to set aside money from each paycheck to pay your quarterly estimated taxes, as well as your annual income tax.
