Hello! My wife and I both work full time in education at local school districts, and I work as an adjunct instructor at a college on the side. Our school district pay is predictable and mostly stable, with a few small "bonuses" from time to time. My adjunct work, however, varies from semester to semester and can be anything from an extra month's worth of pay to almost 10k per semester. The adjunct work does not withhold for federal taxes, but does deduct for social security, medicare, and TRS (Texas teacher pension).
Should I be making quarterly tax payments, or withhold from my paychecks to avoid owing taxes due to my adjunct income? Which job should I withhold from? Obviously this is a broad question, but any guidance is appreciated! 🙂
