If your income level gets to the point that you expect to owe more than $1,000 in taxes at end of the year you'll want to consider making an estimated payment to avoid penalty and interest.
Please be sure that the estimator included the Self-Employment tax for FICA- Social Security and Medicare- not just the income tax on your side gig earnings. To calculate this tax you would use 92.35% of your net earnings from self-employment and multiply it by 15.3%.
Hope this helps!
Cindy
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