Side gig

[allen4283]

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?

[John-H2021]

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-p...