Taxes when you're paid 1099 or cash

If you work for yourself (1099, cash, delivery apps), no one takes taxes out of your pay. On top of income tax, you pay self-employment tax for Social Security and Medicare: 15.3% on most of your profit.

• The IRS expects estimated payments four times a year: April 15, June 15, September 15 and January 15.
• Many people set aside 25% to 30% of what they're paid. Your number may be different.
• Keep receipts for work costs (tools, mileage, phone): they can lower what you owe.

This is general information, not tax advice. A tax preparer can tell you what you owe. The IRS VITA program offers free help if you earn under a certain limit.