Accessibility Menu

What Is an Independent Contractor?

By Jeremy BowmanUpdated Feb 26, 2025 at 2:08 PM

Key Points

  • Independent contractors have full control over their work methods, unlike employees.
  • They must pay both employer and employee portions of payroll taxes.
  • Their flexibility allows working for multiple employers, often at higher rates.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.