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1099 taxes



I am a 1099 worker actually I just started and haven’t received my first check yet. I’ll be getting paid weekly. How do I know how much to put aside from every weekly check?

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1099 taxes

You might find this helpful. 


1099 taxes

you'll want to put aside 15.3% for your self-employment tax.  That is no more than the SS and Medicare withholdings that would occur if you were a W-2 employee.


then for the income tax, it really depends on how much you are earning.  easily 12% tax bracket and could be higher.  You may want to use this website to estimate your earnings for the year and then you'll know how much to put aside. 



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