You'll need to sign in or create an account to connect with an expert.
You are asking from TT Live, for which you are paying extra. Please contact your Live rep.
https://ttlc.intuit.com/questions/4124827-how-do-i-connect-with-a-tax-expert-in-turbotax-live
Live help is available M-F during normal business hours.
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.
Your taxes are handled differently than when you’re an employee of a company.
As a self-employed individual you:
· will pay self-employment tax (because income tax and Social Security aren’t deducted from your pay)
· will get a 1099-MISC or 1099-K (unless you only accept cash or personal checks)
· file a Schedule C, Form 1040 (this is how you report business expense or loss of income)
· can deduct money you spent on work-related expenses (like mileage, home office expenses, and cell phone use)
· can estimate the taxes that are due and 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 expenses that can help reduce your taxes.
Related Information:
· Where do I enter Schedule C?
· What self-employed expenses can I deduct?
· What is the self-employment tax?
· What is this new 20% business deduction?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
b35970191e11
New Member
tdasha10
Level 2
jtacket
New Member
Andy_W
Level 1
ArielA77
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.