I’ll be discussing taxes for writers on Wednesday, February 2, 2011 with Janice Campbell in a teleclass for the National Association of Independent Writers and Editors
Congress was very busy in 2010 creating new tax laws. Are there any tax breaks for writers?
I’m happy to report some good news.
All workers and self-employed business owners, such as freelance writers, will get a 2% raise thanks to our Uncle Sam for 2011.
Congress decided to stimulate the economy by getting Americans to spend more money. They have done it before with checks in the mail, but this year they will do it by reducing the Social Security tax from 6.2% to 4.2%, but only for 2011.
I’ll discuss the new tax bills, how they may affect freelance writers, authors and publishers.
Tune in live on Wednesday, February 2, 2011 at 3:30 pm EST
Hop on over to the home page of TaxesForWriters.com to receive that handout from the show. Look in the bottom right corner for my report: New Tax Laws in 2010. Anything for Writers?
Carol Topp, CPA