As a freelancer, you’re probably used to getting a 1099 at the end of the year. But what if you’re working through a platform like UpWork? Do you get a W2?
The answer is no, you will not receive a W2 from UpWork. You are considered an independent contractor, and as such, will only receive a 1099.
This may seem like a downside, but there are actually some advantages to being an independent contractor. For one, you get to deduct a lot of your expenses come tax time. And two, you don’t have to pay into Social Security or Medicare.
PRO TIP: If you are an independent contractor working through Upwork, you will not receive a W2 form from Upwork. You are responsible for paying your own taxes as an independent contractor. Be sure to keep good records of your earnings and expenses throughout the year so that you can accurately file your taxes.
So while you won’t get a W2 from UpWork, there are still some perks to using the platform.
Conclusion: You will not receive a W2 from UpWork. You are considered an independent contractor and will only receive a 1099. This may have some advantages come tax time.
3 Related Question Answers Found
As a freelancer, you’re used to getting 1099s at the end of the year. But what if you start working with a new client who wants to pay you through UpWork? Do you get a W2 from UpWork?
As a freelancer, you are probably always on the lookout for new opportunities to help you grow your business. One great way to find new clients is through online platforms like UpWork. But before you can start working with a new client, they will likely ask you for a W9 form.
The Internal Revenue Service (IRS) requires that all businesses provide a W9 form to any individual or entity that they pay $600 or more to in a given year. The W9 form provides the paying business with the individual’s or entity’s Taxpayer Identification Number (TIN), which the business will use to prepare a 1099-MISC form at the end of the year. So, does UpWork give W9?
