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October 11, 2023
Question

My wife and I are doing Door dash and I want to make sure that we pay the IRS the proper amount of federal tax, social security and medicare, can you help me with this?

  • October 11, 2023
  • 2 replies
  • 0 views
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2 replies

Employee
October 11, 2023

You both have self-employment income.   You will need to use either the online Self-Employment software or any version of the CD/download in order to prepare the Schedule C forms you have to complete for your business expenses.  When you prepare your return, the software will calculate the self-employment tax you owe for Social Security and Medicare, as well as your ordinary income tax.   You might need to start paying estimated quarterly tax payments to avoid an underpayment penalty/big tax bill at tax time.

 

https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

 

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-nec/1099-nec/L5qTsBiSe_US_en_US

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

 

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

 

 

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Employee
October 11, 2023
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**