If you are a gig worker, there’s a good chance you’ll need to make quarterly tax payments instead of one big payment in April. Here’s what you need to know about making quarterly tax payments when you make a living as a gig worker.
For gig workers who are independent contractors, taxes are a little different. You may need to pay quarterly taxes on three dates in addition to the quarter that ends on April 15. The other dates you’ll need to pay quarterly taxes are June 15, Sept. 15, and Jan. 15.1 For that reason, gig workers need to stay organized with their federal taxes throughout the year.
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