How do I handle taxes as a gig worker?
An example of an AI chatbot conversation about gig economy taxation.
How do I handle taxes as a gig worker?
As a gig worker, you need to report your income and pay self-employment taxes. Keep track of your earnings and expenses.
What expenses can I deduct from my gig income?
You can deduct expenses like mileage, supplies, and any fees from platforms you use. Make sure to keep receipts!
Do I need to pay estimated taxes?
Yes, if you expect to owe $1,000 or more in taxes, you should make estimated tax payments quarterly.
What if I don't make enough to owe taxes?
If you earn below the threshold, you may not need to file, but it's good to keep records just in case.
Can I get help with filing my taxes?
Absolutely! Consider hiring a tax professional or using tax software designed for freelancers.
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