W-4 Withholding Calculator for Side Hustles
Got a W-2 job but also make 1099 income on the side? Avoid tax season surprises by increasing your W-2 withholding to cover your freelance taxes.
Income Details
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$
Estimate your net profit (income minus expenses).
Your W-4 Strategy
Total Estimated Tax on Side Hustle
$4,095
Extra Withholding Needed Per Paycheck
$158
Enter this amount on Step 4(c) of your W-4 form.
Why do this?
When you earn 1099 income, taxes are not automatically withheld. If you don't pay taxes on this income during the year, you may face an IRS underpayment penalty. By increasing the withholding on your W-2 job, you let your employer pay your freelance taxes automatically.