Hi everyone!
I've got a full time WE job and am close to the next tax bracket. I just started a 1099-MISC job on the side and looked at an example 1099-MISC form and don't understand something.
On my W-2 paystub it includes "Taxable Income" but on a 1099-MISC I see no such mention.
Question: What constitutes taxable income for a 1099-MISC job? Is it gross income, or net after expenses (gas, maintenance, office, etc), or something in between?
I'm trying to calculate how much I can make with this 1099-MISC job before I get bumped to the next tax bracket.
Thanks!
