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August 28, 2024
Question

Side gig

  • August 28, 2024
  • 1 reply
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I work a regular full time job that takes taxes out but I also have a part time job that pays me as an independent contractor. Do I have to pay quarterly taxes for my part time job or can I just pay it all at once during tax season?

    1 reply

    John-H2021
    August 28, 2024

    Hello Allen,

     

    You can pay quarterly or at the end of the year. If you choose to pay at the end of the year and you have a balance due you may be subject to penalties for not paying quarterly.

     

    Here is a good article on who should pay estimates and how to pay estimated taxes

    https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-how-to-determine-what-to-pay-and-when/L3OPIbJNw

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