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State tax filing
The amount you have withheld from your paycheck depends on if you are a W2 employee or an independent contractor (this includes a lot of the rideshare and delivery services currently available). Generally the amount of tax you want withheld is based on:
- The total amount of income you earn. (including if you have more than one job)
- Your filing status: If you withhold at the single rate or at the lower married rate.
- How many withholding allowances you claim: Each allowance you claim reduces the amount withheld.
- If you withhold an additional amount: You can request an additional amount withheld from each paycheck.
If you are a W2 employee, you can request a W4 from your employer or use this link to help determine the correct amount W-4 Withholding Calculator.
If you are an independent contractor, you are considered "self-employed" and you must pay additional social security and Medicare taxes (an employee pays one half and the employer pays half). See Estimated Taxes: How to Determine What to Pay and When
Also, be sure to check your state requirements.
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‎January 19, 2021
6:33 AM