W-2 Job Plus a Side Gig: How Your Taxes Actually Work
In short: With a W-2 job and a side gig, your wages go on the main form while the gig's income and expenses go on a separate Schedule C, and the IRS taxes the gig's net profit. Once your net self-employment earnings reach $400 for the year, you also owe self-employment tax. Cover the extra tax by raising your W-4 withholding, making quarterly estimated payments, or both.
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