Question 1

How do 1099 taxes differ from W-2 taxes in the US?

Accepted Answer

1099 contractors pay self-employment tax (15.3%) covering both employer and employee Social Security/Medicare shares, but can deduct legitimate business expenses on Schedule C.

Question 2

What can gig workers write off on their taxes?

Accepted Answer

Eligible write-offs include standard business mileage, mobile phone service, equipment, platform fees, home office space, and health insurance premiums.

Question 3

What is multi-apping and how does it maximize earnings?

Accepted Answer

Multi-apping is the strategy of running multiple gig platforms simultaneously to accept only the highest dollar-per-mile and dollar-per-hour offers.

The Gig Economy Survival Guide — Expense Optimizer

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