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If you're working as a 1099 freight agent, taxes work very differently than when you're a W2 employee. No automatic withholding, no employer contributions - just you, your business, and the IRS. But with smart planning, you can stay compliant and keep more of what you earn. Here are key tax tips every independent freight agent should know: 1. Set Aside for Taxes Monthly The biggest mistake new agents make? Waiting until tax season to think about taxes. As a 1099 contractor, you’re responsible for federal, state, and self-employment taxes. A good rule of thumb: set aside 25–30% of your income into a separate account. 2. Track All Business Expenses You can deduct a wide range of expenses as a 1099 agent: Phone/internet Office supplies Load board subscriptions TMS and software tools (like CloneOps.ai or your Select-provided system) Business travel and meals Marketing expenses Use software like QuickBooks Self-Employed or Keeper to automatically track, categorize, and store receipts. 3. Make Quarterly Estimated Payments If you expect to owe more than $1,000 in taxes for the year, the IRS requires you to make quarterly payments. Set calendar reminders for: April 15 June 15 September 15 January 15 (of the following year) 4. Use a Bookkeeping or Tax Prep Service As your income grows, DIY taxes get risky. A CPA or tax preparer familiar with freight or 1099 contractors is a smart investment. Tools like Collective, Bench, or Taxfyle can help streamline filings and ensure you don’t miss deductions. Bonus Tip: Leverage Select’s back-office support and reporting to keep clean, organized records—making tax season far less stressful.