Great questions,
You have to file an income tax return if your net earnings from self-employment were $400 or more. If it is,over, then you do have a filing requirement, and you are expected to pay taxes quarterly. We have a TaxCaster tax calculator that can help you estimate your tax obligation.
Also, as an independent contractor you can take expenses. For example if you make $20,000 in income, you can deduct valid expenses. So, if you had expenses of $5,000, your taxable income would be $15,000. This TurboTax article explains what is allowed for uber. And here's another article for Food Delivery.
If you don't have the money to pay, the IRS will assess a penalty for underpayment. They expect to be paid timely, ie as it is earned. That will happen when your file your 2024 taxes. This TurboTax article explains about paying quarterly taxes.
You should be able to log into your Uber and doordash accounts to get the year to date earnings. Then use the tax calculator to estimate how much you will owe in taxes.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
