Side Hustle Taxes: How Freelance Income Is Taxed With a Full-Time Job

Side hustle taxes: a 9-to-5 paycheck with tax withheld next to a 5-to-9 freelance invoice with tax due

Side hustle taxes surprise a lot of people with a full-time job, because the extra income is taxed more heavily than they expect. Your paycheck already has taxes withheld. Your freelance money doesn’t, so you have to plan for it yourself. Quick answer: Your side income faces two taxes: income tax at your highest income … Read more