The 1099 tax form: A guide for freelancers and contractors
Many taxpayers receive a Form 1099 at tax time. Here are the common types of 1099s, and what to do if you get one.
5 min read
Apr 25, 2025
Mallika Mitra
Contributor, Tax and Investing
EXPERTISE
- Taxes
- Personal finance
- Investing
- Retirement
Mallika Mitra is a freelance writer and editor focused on taxes, retirement planning, investing and more. She was previously a writer and editor at Money, where she wrote a weekly newsletter about investing, and a wide range of stories on meme stocks, crypto, generational investing trends and more. Her work can also be found in Bloomberg News, CNBC, Business Insider and The Wall Street Journal's Buy Side, among other places.
Non-Bankrate Publications or Mentions
- WUSA9 interviews Mallika about recession proofing your finances
- WGN9 interviews Mallika on why crypto is so popular
- Everyone's Talkin' Money podcast interviews Mallika on how to invest during a recession
- Eye on Travel with Peter Greenberg interviews Mallika on the best places to retire
- This Morning with Gordon Deal interviews Mallika on overconfidence bias in investing
Mallika's latest articles
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Schedule C: Who has to file it and how it works
Schedule C is for sole proprietors, including freelancers and independent contractors, to report their income and expenses.
3 min read Apr 25, 2025 -
Tax credits are a valuable tool to trim your tax bill — here’s how they work
Tax credits can help you save big on your taxes. Here’s how they work and how to qualify.
6 min read Apr 25, 2025 -
Married filing separately: How to decide if married filing jointly or separately is best for you
Should you file your taxes as “married filing jointly” or “married filing separately?” Here’s how to decide.
4 min read Apr 03, 2025 -
Head of household filing status can save you money on your taxes — if you qualify
The head of household tax filing status can mean a lower tax bill vs. filing as a single taxpayer, but you need to make sure you qualify.
4 min read Apr 02, 2025 -
How to pay your taxes: 9 ways to send a tax payment to the IRS
If you owe money to the IRS, you have options for sending in that payment. Here are 9 ways to make a tax payment.
4 min read Mar 06, 2025 -
Tax deductions: How they work, how to claim them
A tax deduction lowers the amount of your income that’s subject to tax, thus trimming your tax bill. But not all tax deductions are alike.
3 min read Feb 28, 2025 -
1040 form: What it is, how to fill it out
The 1040 tax form is the tax return that U.S. taxpayers must file every year. Here’s how to fill it out.
6 min read Feb 20, 2025