As a freelancer, you are considered an independent contractor, not an employee of the company you contract with. Therefore, you will not receive a W-2 from them.
Instead, you will get a 1099-MISC form at the end of the year that shows how much money you made. You will use this form to file your taxes as a self-employed individual.
PRO TIP: If you are an Upwork freelancer, you will not receive a W-2 form from the company. Instead, you will receive a 1099-K form from Upwork, which will report your total earnings for the year. You will need to use this information to file your taxes as a self-employed individual.
While you don’t get a W-2 from your contracting company, UpWork does provide you with a 1099-K form at the end of the year. This form shows how much money you made through UpWork and is used to file your taxes as a self-employed individual.
Do You Get a W-2 From UpWork?
No, as a freelancer you are considered an independent contractor, not an employee of the company you contract with.
9 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’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?
As a freelancer, you’re responsible for paying your own taxes. This includes income taxes and self-employment taxes. When you work with a client through UpWork, they don’t withhold any taxes from your earnings.
As a freelancer, you are always looking for new opportunities to grow your business. One of the best ways to find new clients is through online platforms like UpWork. But before you can start bidding on projects, you need to have your paperwork in order.
When you work with a company or individual as an independent contractor, you may be asked to fill out a W9 form. This form provides your tax identification information to the payer, who will use it to prepare your 1099-MISC form at the end of the year. You only need to fill out a W9 if you’re being paid $600 or more by the company during the year.
You can absolutely use two UpWork accounts! In fact, many freelancers find that managing multiple accounts is a great way to keep their work organized and to make sure they’re always getting the most out of the UpWork platform. Here are a few tips for how to make the most of using multiple UpWork accounts:
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UpWork is a freelancer platform that connects businesses and individuals who need professional services. Freelancers can post their services and receive bids from clients. The platform has a large user base and is popular for its low start-up costs.
SSN, or social security number, is a nine-digit number issued to U.S. citizens, permanent residents, and temporary (working) residents by the Social Security Administration. The primary purpose of an SSN is to track individuals for the Social Security program.
If you’re a freelancer, you may be wondering if you need a business license to work on UpWork. The answer is: it depends. If you’re working as an independent contractor, then you likely won’t need a business license.
