Hello @ Derionnaaa!
Awesome that you can supplement your W-2 job! When you have self-employment income (1099-NEC) you will pay income tax and Self Employment taxes on the income you earn after subtracting your expenses. Self Employment tax is 15.3% of your profit. The income tax rate will be determined by your total income.
The best way to find the amount for your situation is to put this information into tax caster. You can use a paystub to find out how much tax you have had withheld on your W-2 job.
https://turbotax.intuit.com/tax-tools/
Do you normally get a refund when you file your W-2 job? Will you have expenses due to the 1099 job?
I hope this helps!
JanetB211
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