Tax Guide

Tax Information

Understanding your tax obligations as a freelancer on Staygowe21.

$600+
1099-K Threshold
15.3%
Self-Employment Tax
Jan 31
1099-K Available
25-30%
Set Aside for Taxes

Important Disclaimer

This information is for educational purposes only and does not constitute tax advice. Please consult a qualified tax professional for advice specific to your situation.

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Overview

As a freelancer earning income through Staygowe21, you're considered self-employed for tax purposes. This means you're responsible for reporting your income and paying applicable taxes.

Staygowe21 partners with Stripe to help with tax compliance by providing necessary documentation and reporting to the IRS when required.

Key Points to Remember

  • Report all freelance income on your tax return
  • Pay self-employment tax (Social Security + Medicare)
  • Consider quarterly estimated tax payments
  • Keep detailed records of income and expenses

Access Your Tax Documents

View and download your 1099-K forms and transaction history from your Wallet.