I have 2 side gigs as an independent contractor. How do I file? I have only worked 3 months as an independent contractor. I have 4 months of work for which I will be filing a w-2. Do I add my contractor work in my w2?
I have 2 side gigs as an independent contractor. How do I file? I have only worked 3 months as an independent contractor. I have 4 months of work for which I will be filing a w-2. Do I add my contractor work in my w2?
You are correct, you will need to make estimated tax payments to cover your independent contractor work. You will need to calculate what your estimated tax will be for 2024 and the subtract what has been submitted so far as withholding from your w-2 job. The balance left after subtracting withholding would be the amount you want to submit as estimated tax payments. You would then submit your 3rd and 4th quarter estimated payments to cover this amount. You can submit your estimated payments online at the IRS website or you can print the estimated voucher and mail it to the IRS with a check or money order.