Document If you are driving for Instacart (full-time or part-time), you must keep a portion of your income aside for tax. Paying estimated taxes quarterly is the best way to avoid tax penalties and prepare yourself in advance for the tax season. You can also pay annually if you earn a small income from delivery. In this post, we have discussed Instacart and taxes . Read on to learn about your tax obligations from this self-employment income. Instacart and Taxes: What Taxes Instacart Workers Pay? Unless you are an in-store shopper, you are considered an independent contractor who’s supposed to file your income tax returns manually. Your income isn’t withheld automatically, leaving you with only one option — paying your taxes annually or quarterly by calculating the dues. Commonly known as FICA taxes, freelancers and business owners have to pay a fixed percentage of Social Security and Medicare taxes yearly, given that their income exceeds the $60...
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