How to Get Proof of Employment and Income When Self Employed

As of 2019, 10% of Americans or 14.6 people classified themselves as self-employed. 

But that doesn't mean you won't come across discrimination, especially when it comes to the financial world. For many personal loans, financial organizations request proof of income. If you're self-employed, this can seem like an impossible hurdle, but it really isn't! 

Are you trying to figure out how to get proof of employment and income when self-employed? If so, keep reading to learn what you need to know.

Tax Documents

The easiest way to go about showing proof of income is through your tax documents. If you're a law-abiding American citizen, then each year before April 15, you file your taxes just like every other citizen.

The IRS doesn't write off your taxes just because you're self-employed. And the financial organizations will have a hard time of writing you off when you show up with your income documented through tax paperwork. 

So simply gather a few years of tax documents out of your filing cabinet and you have viable proof of income. 

Create Your Own Financial Documents 

While tax documents show you got paid, they don't prove you have a job currently. This step is a little tricker, but still possible. 

Start by thinking about how you bill your clients. If you invoice them every month and document their payments, this is essentially your paystub. That little invoice may be all you need. 

If you don't deal with invoices, you can still create your own paystub example online. Many self-employed workers use custom paystubs to keep track of their income and to prove that they're "employed." If you want to start creating your own paystubs, it's as simple as navigating to this online homepage and following the instructions. 

Bank Statements

Looking for another alternative for how to prove you have an income? Look no further than your bank statements. 

If you are doing work and getting money, you have to be getting paid somehow. Most companies pay you with a check or deposit, meaning that money goes straight into your bank account. If you have consistent deposits, this shows that you have a consistent income. 

Go to your bank's online website and look for your monthly statements. From there, you can print off the last 6 or 12 months of statements to prove your employment. 

Now You Know How to Get Proof of Employment

Using these three tips, you now know how to get proof of employment and income. 

Start by gathering your recent tax documents and presenting this as evidence of earnings. If that doesn't work, you can present your invoices or paystubs from generated from your work. Lastly, consider your bank statement as a consistent record of getting paid, proving you earn money and are self-employed. 

Now that you're able to secure that personal loan, what are you going to do with it? We suggest a trip because you've earned a vacation after all your work. Head over to the Cuisine section of this site to see which locations peak your taste buds, then start planning your adventure.