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New Report Finds 33% of 1099 Workers Do Not Have Enough Money to Pay Their 2020 Taxes
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Abound
Commenting on the findings, Abound CEO, Trent Bigelow, said: There are 68 million independent workers in the U.S., and that number is only going to increase in the years ahead. We must provide these workers with the financial infrastructure that W-2 employees have access to today. This is about building the future that independent workers want to work in.
Key Findings:
40% aren t setting aside income every month for their taxes. Independent workers are responsible for calculating and paying the taxes they owe, as taxes are not withheld from their paychecks but almost half aren t setting aside the funds to do so.