Gig workers on this platform pay 15.3% self-employment tax on net earnings. On $35,000 net income: approximately $4,950 SE tax + $2,800 federal = $7,750 total tax. Quarterly payment: $1,938. Set aside 25% of every payment and track mileage at 72.5¢/mile.
Self-employed real estate agents and Realtors pay taxes as independent contractors. MLS fees, marketing, vehicle, and professional dues are all deductible. Most agents save $5,000–$15,000/year.
| Expense | Amount / Rate | Deductible? | Notes |
|---|---|---|---|
| MLS fees & NAR dues | Full cost | ✅ Yes | Professional membership fees |
| Mileage to showings | $0.725/mile | ✅ Yes | Log every showing trip |
| Zillow/advertising | Full cost | ✅ Yes | Lead generation expense |
| Client meals | 50% | ✅ Yes (50%) | Must document business purpose |
| Personal clothing | $0 | ❌ No | Even "professional" attire |
| Gifts over $25 | $25 max | ⚠️ Limited | IRS caps client gifts at $25 |
| Personal auto insurance | $0 | ❌ No | Business % of insurance only |
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