My question involves independent contractors in the state of: Florida
I am an employee for a self-employed business owner. I have been working for her since February, and she has me as a 1099. I've only made a little over 5k this year, as of Dec. 31. I had heard somewhere that if I was under a certain limit, I might not have to pay taxes. I'm also claiming independence for the first time on my 2015 taxes. I usually am a W2, so this is a different realm for me. Just to be safe, I've put 30% of my income in savings in the event I have to pay for taxes. Any guidance on this would be greatly appreciated!
I am an employee for a self-employed business owner. I have been working for her since February, and she has me as a 1099. I've only made a little over 5k this year, as of Dec. 31. I had heard somewhere that if I was under a certain limit, I might not have to pay taxes. I'm also claiming independence for the first time on my 2015 taxes. I usually am a W2, so this is a different realm for me. Just to be safe, I've put 30% of my income in savings in the event I have to pay for taxes. Any guidance on this would be greatly appreciated!
Classification of Workers: 1099 Taxes
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