How does my side job affect my taxes?
You’re considered self-employed—even if it’s just something you do on the side, like drive for Uber, babysit or blog.
Also, your taxes are handled differently than when you’re an employee of a company.
- You file a Schedule C, Profit or Loss from Business.
- You’ll get a 1099-MISC or 1099-K (unless you only accept cash or personal checks).
- You can claim work-related expenses (mileage, cell phone use and more).
- You pay self-employment tax (income tax and Social Security aren’t deducted from your pay).
- You can make quarterly estimated tax payments during the year.
Get started by entering your income from self-employment. We’ll handle the rest, from creating the forms you need to reviewing work-related expense that can help reduce your taxes.