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allen4283
Level 1
August 28, 2024
Question

Side gig

  • August 28, 2024
  • 1 reply
  • 21 views

I work a regular full time job that takes taxes out but I also have a part time job that pays me as an independent contractor. Do I have to pay quarterly taxes for my part time job or can I just pay it all at once during tax season?

    1 reply

    John-H2021
    John-H2021
    Level 6
    August 28, 2024

    Hello Allen,

     

    You can pay quarterly or at the end of the year. If you choose to pay at the end of the year and you have a balance due you may be subject to penalties for not paying quarterly.

     

    Here is a good article on who should pay estimates and how to pay estimated taxes

    https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-how-to-determine-what-to-pay-and-when/L3OPIbJNw

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