Free Sample Freelance Tax Sheet Template
Sample Freelance Tax Sheet
Freelancer Information
-
Name: [Your Name]
-
Business Name: [Your Name] Designs
-
Tax Year: 2050
-
SSN/EIN: 123-45-6789
1. Income
|
Date |
Client Name |
Invoice Number |
Service Provided |
Amount Earned |
Payment Method |
Notes |
|---|---|---|---|---|---|---|
|
01/10/2050 |
ABC Corp |
1001 |
Web Design |
$2,000 |
Bank Transfer |
Paid |
|
02/15/2050 |
XYZ Ltd |
1002 |
Logo Design |
$800 |
PayPal |
Paid |
|
03/20/2050 |
Global Solutions |
1003 |
SEO Consultation |
$1,500 |
Check |
Paid |
2. Expenses
|
Date |
Vendor Name |
Expense Category |
Amount Spent |
Payment Method |
Notes |
|---|---|---|---|---|---|
|
01/05/2050 |
Hosting Co. |
Software/Tech |
$120 |
Credit Card |
Annual Hosting |
|
02/12/2050 |
Office Depot |
Supplies |
$75 |
Debit Card |
Printer Ink |
|
03/10/2050 |
TaxPro |
Professional Fees |
$250 |
Bank Transfer |
Tax Filing |
3. Mileage
|
Date |
Purpose of Travel |
Miles Driven |
Vehicle Type |
Rate per Mile |
Total Deduction |
|---|---|---|---|---|---|
|
01/20/2050 |
Client Meeting |
30 miles |
Sedan |
$0.65 |
$19.50 |
|
03/15/2050 |
Conference Travel |
60 miles |
SUV |
$0.65 |
$39.00 |
4. Home Office Deduction
|
Expense Category |
Amount Spent |
% of Home Used for Business |
Deductible Amount |
|---|---|---|---|
|
Rent |
$1,200/month |
20% |
$240 |
|
Internet |
$50/month |
20% |
$10 |
5. Self-Employment Taxes
|
Tax Type |
Amount |
Notes |
|---|---|---|
|
Social Security |
$5,000 |
Based on income |
|
Medicare |
$1,200 |
Based on income |
6. Estimated Tax Payments
|
Date |
Payment Made |
Amount Paid |
Payment Method |
Notes |
|---|---|---|---|---|
|
04/15/2050 |
Yes |
$1,000 |
Check |
Q1 Estimated Payment |
|
06/15/2050 |
Yes |
$1,000 |
Bank Transfer |
Q2 Estimated Payment |
|
09/15/2050 |
Yes |
$1,000 |
PayPal |
Q3 Estimated Payment |
7. Total Income and Expenses Summary
-
Total Income: $4,300
-
Total Expenses: $745
-
Net Income (Income - Expenses): $3,555
-
Self-Employment Tax: $6,200
-
Estimated Taxes Paid: $3,000
-
Total Tax Due: $3,200
