If you are self-employed or a freelancer and you want to know the Tax-saving opportunities you are available with, then read on. A TurboTax independent contractor or freelancer is available with plenty of options to reduce down his tax bill. If you received 600 dollars from your client, then you will get a 1099-NEC from your client. IRS will also receive a copy of it. You also need to include schedule C in your tax return. As an independent contractor, you can save taxes by setting up a house and maximizing your write-offs. You can also save taxes by opening a retirement plan.