I just started doing Uber Eats and trying to find out how much I have to put aside for Taxes at end of year.

As a independent contractor and working for Uber Eats it doesn’t deduct taxes out and trying to figure out how much money to put aside so I don’t owe in taxes at end of year. For example I made 14.95 today so how much is put aside ?

Answer

if you had no other employment and only made 14.95 per day don't sock anything away for federal taxes.

You have to estimate for the year ahead what you think you will make from all work, estimate taxes,  plug in what will be withheld from W2 wages, divide rest by 4 and submit quarterly. QBSE is supposed to have a built-in calculator but barring that you can access one at irs.gov 

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