Question

Gig work taxes

Forum|Forum|5 years ago
September 8, 2020
1 reply
0 views

I have a full time W2 job but just started doing Instacart on the side. How do I go about estimating and paying taxes quarterly with documenting for expenses? I don’t want to increase the withholding on my full time job, and would just prefer to pay the gig taxes quarterly.

Not A Product Question

X

xmasbaby0

You can expect to pay self-employment tax for Social Security and Medicare from your self-employment income, as well as ordinary income tax.

https://www.calcxml.com/calculators/self-employment-tax-calculator (non-TT site)

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/2903027-how-do-i-report-income-from-self-employment

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**