Hello Intuit Community
I recently started a side job (self employed - contracted) and I'm curious about some things when I file my taxes next year about what can be deducted and what can't. With my side job I drive about 22 miles twice a week, which would be my only expense associated with my side job. I plan on taking the standard deduction for my main "W2" job but I was wondering if I can still deduct the expense of the miles driven for my side job in addition to the standard deduction. Also, when I file with TurboTax and enter in the 1099-NEC information will it also calculate SS and Medicare tax with the Federal Tax? I also plan to have my main "W2" employer withhold additional money to cover the taxes that I would owe on my side job, just to keep it simple. Is this okay or should I pay it separately each quarter?
