Independent Contractor Question

Forum|Forum|5 years ago
February 3, 2021
5 replies
5 views

Hello!

My name is Mary Llanes, and I just started working for DoorDash as a dasher. I want to make around $960 a month, and I am unsure if my income is non-taxable income or not. I would like to know so that I can set aside 30% of my revenue for annual tax filing to the IRS if need be, and I would be grateful for any assistance with this. Thank you very much!

Best,

Mary Llanes.

Not A Product Question

MinhT1

Level 15

As a dasher, you are self-employed and you have to pay income taxes and self-employment taxes on your net income of your business. Net income is gross income received from Dash minus all your business expenses.

As there is no tax withheld for your income, you need to pay estimated taxes during the year.

Please read this TurboTax blog on Beginner's Tax Guide for the Self-Employed and also this TurboTax blog on I Work For a Rideshare Company, How Can I Get My Biggest Tax Refund?

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mbl18oAuthor

Level 2

Hi:

Thank you for your reply. After reading the two articles, I am still unsure how to get started. Is it possible to set up a zoom call between us to discuss exactly what I need to do? I would be willing to pay for your services.

Best,

Mary Llanes.

ColeenD3

Level 15

You can choose to have someone help prepare your return, but the program walks you through the entire process. It provides an interview and takes you to Schedule C, where you can enter your income and expenses.

To set up your business:

Open or continue your return.
Search for schedule c and click the Jump to link in the search results.
Answer Yes to Did you have any self-employment income or expenses?
- If you've already entered self-employment work and need to enter more, select Add another line of work.
Follow the onscreen instructions.