When I started UBEREats, I never realized how much money I could make. Here’s something to consider, if you believe that you will work enough that you will need to pay at least $1,000 in taxes, then you will need to do estimated tax payments every quarter.
The due dates for the quarters in 2017 are: April 18 (so this would be overdue now), June 15, September 15 and January 16, 2018.
Now, you are exempt from doing estimated tax payments in 2017:
- You were a U.S Citizen or resident alien for all of 2016.
- You have no tax liability for the full 12 month 2016 tax year. No tax liability means if your total tax was zero or you did not have to file an income tax return.
Also, if you are just doing this as a side job and you have a primary job, you could also ask your primary employer to withhold more tax from your earnings instead. Just fill out a new W4 and state how much extra money you want taken out from your paycheck, there is a special line for it.
My referral link is: https://www.uber.com/a/signup/drive/deliver/?70307t=&invite_code=phoeben376ue