Estimated Tax for Nonresident Alien Individualsįor comprehensive information on paying estimated tax including exceptions, the underpayment penalty and methods to figure amount of payment, review Publication 505, Tax Withholding and Estimated Tax. Form 1040-ES, Estimated Taxes for Individuals.How to estimate - Use one of these forms to figure your estimated taxes: ![]() How to pay - Pay online or by mail or phone (refer to Form 1040-ES). Note: If these due dates fall on a Saturday, Sunday or legal holiday, the payments are due the next business day. January 15 for payment period September 1–December 31 Bartender GIF On this animated GIF: bartender, Dimensions: 378x219 px.September 15 for payment period June 1–August 31 Latest Bartending GIFs Gfycat bartending GIFs The latest GIFs for bartending.June 15 for payment period April 1–May 31.April 15 for payment period January 1–March 31.When to pay - Estimated tax payments are due four times a year: Then fill out a new Form W-4, Employee’s Withholding Certificate and give it to your employer. You can avoid a penalty by paying enough tax on time.ĭo you work as an employee and do gig work on the side? You may avoid making estimated tax payments on your gig income by withholding more tax from your employee paycheck. If you earn money for gig work as an independent contractor, you may have to pay quarterly estimated taxes. Here's how to manage taxes for gig work as an independent contractor (self-employed): ![]() Note: This list does not include all types of gig work. Provide other temporary, on-demand or freelance work About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright.Provide creative or professional services.Drive a car for booked rides or deliveries.Gig work is certain activity you do to earn income, often through an app or website (digital platform), like: Unsure if you are an employee or independent contractor? Ask your employer or check your worker status. ![]() If you do gig work as an independent contractor, you may have to pay estimated taxes. If you do gig work as an employee, your employer should withhold tax from your paycheck. You must pay tax on income you earn from gig work. You must file a tax return if you have net earnings from self-employment of $400 or more from gig work, even if it's a side job, part-time or temporary.
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