News / Article

Gig-job workers had better beware of pay-as-you-go tax payments

Source: https://cnbc.com/2018/01/17/gig-job-workers-had-better-beware-of-pay-as-you-go-tax-payments.html - Jan 25, 2018

Workers who venture into the world of side hustles or gig jobs might get an unwelcome surprise when they file their tax returns: an unexpected tax penalty.

Independent workers — those who don't have taxes withheld by an employer — should be paying estimated taxes. Yet a recent survey showed the majority (59 percent) of these solo workers do not make these four-times-a-year payments. They said they do not need to (42 percent) or don't know what estimated taxes are (17 percent).

CLICK SOURCE TO READ ARTICLE

Category: General Business