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Gig / 1099 worker paycheck

Gig income usually arrives without withholding. You owe self-employment tax (both halves of FICA) and quarterly estimates.

Common deductions

  • Estimated quarterly tax (self-paid)
  • Self-employment tax (on Schedule SE)

Pay quirks

  • No W-2
  • No employer FICA match
  • Self-employment tax 15.3% on net earnings
  • Quarterly estimates

Questions worth asking payroll

  • Have I set aside enough for quarterly tax?
  • Am I tracking deductible business expenses?

Official sources

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