in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
1805721
You'll need to sign in or create an account to connect with an expert.
The amount you have withheld from your paycheck depends on if you are a W2 employee or an independent contractor (this includes a lot of the rideshare and delivery services currently available). Generally the amount of tax you want withheld is based on:
If you are a W2 employee, you can request a W4 from your employer or use this link to help determine the correct amount W-4 Withholding Calculator.
If you are an independent contractor, you are considered "self-employed" and you must pay additional social security and Medicare taxes (an employee pays one half and the employer pays half). See Estimated Taxes: How to Determine What to Pay and When
Also, be sure to check your state requirements.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ecwangus
Level 3
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
Questioner23
Level 1
naewhitehead
New Member
KenC2917
New Member
roberica
New Member