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Instacart and quarterly taxes

I am getting ready to be a  1099 shopper for Instacart. 

Do I need to file taxes quarterly?  
Also, what percentage should I set aside for taxes when I get paid?

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1 Reply
Jackstar221
Employee Tax Expert

Instacart and quarterly taxes

Hi,
You can write off mileage for the Instacart business in the Self-employment income and expenses section of TurboTax. You can add other deductions such as the TurboTax fee you paid in 2023 as a legal and professional fee.
 
Here is an article regarding the self-employment tax rate : Self-employment Tax 
This article is about calculating net self-employment income: Topic No. 554, Self-employment tax 
 
Here is an estimated taxes link. Estimated Taxes
 
Within this link, there is the Tax Withholding Estimator. Tax Withholding Estimator
 
Here is an article regarding the penalties related to estimated tax for individuals. Underpayment of estimated tax by individuals penalty
Here is an article showing the federal income tax rates and brackets: Federal income tax rates and brackets 
 
 

 

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