Yeah, self-employment tax is a HUGE shock if you’re not prepared for it. My husband was self-employed before law school so I had a heads up going in to my own self-employment. But I know lots of people who had a really rude awakening when tax time rolled around after their first full year of self-employment! Ugh, sympathy.
I had a similar experience for my taxes as well since I was W-2 and had self employment income last year. It gets better and I believe in us!
What a humbling moment! It seems to be a pretty universal experience, though--and you're right: now we know, it gets better, and I believe in us too!
Great video. Was definitely screaming “Cece Noooooooo” while watching (💀) but I get it. Invest in yourself 💕 Good luck!! 🦋
Yeah, self-employment tax is a HUGE shock if you’re not prepared for it. My husband was self-employed before law school so I had a heads up going in to my own self-employment. But I know lots of people who had a really rude awakening when tax time rolled around after their first full year of self-employment! Ugh, sympathy.
Ha, thank you! It's good to know this happens to a lot of people--the self-employment evangelists never go into detail about this aspect of it!!
Completely! Trying to make 90-year-old Cece proud rn :)