How do I pay quarterly taxes on Mturk?

Confused

New Member
Joined
Aug 14, 2019
Messages
1
Reaction score
0
Points
1
Age
28
Okay, so for the first time in my 3-4 years of turking, I made over $400. I've been avoiding it because I didn't want to go through the trouble of doing the self employment taxes thing, buut I am currently unemployed and need the money to pay off my student loans and buy pet supplies for my cat. (I live with my parents. I'm not using unemployment benefits or whatever. I've been using my savings which is drying up atm)

Anyway, I have no idea how to pay quarterly taxes. I was just thinking of just worrying about it when I fill out my tax return next year and they just take the taxes out of my refund check. Hopefully, I will be working by then so if I still owe more I can pay it off. I want to do that but I'm scared that I will get in trouble or something.

I made $491.19 on mturk (Quartely: Q3 2019 $350.72, Q2 2019$140.47, Q1 2019$0.00) so far and less than $2k this year to date before I quit my old job back in Jan
 

jan

Moderator
Moderator
Joined
Jan 12, 2016
Messages
25,881
Reaction score
49,643
Points
1,463
Gender
Female
Okay, so for the first time in my 3-4 years of turking, I made over $400. I've been avoiding it because I didn't want to go through the trouble of doing the self employment taxes thing, buut I am currently unemployed and need the money to pay off my student loans and buy pet supplies for my cat. (I live with my parents. I'm not using unemployment benefits or whatever. I've been using my savings which is drying up atm)

Anyway, I have no idea how to pay quarterly taxes. I was just thinking of just worrying about it when I fill out my tax return next year and they just take the taxes out of my refund check. Hopefully, I will be working by then so if I still owe more I can pay it off. I want to do that but I'm scared that I will get in trouble or something.

I made $491.19 on mturk (Quartely: Q3 2019 $350.72, Q2 2019$140.47, Q1 2019$0.00) so far and less than $2k this year to date before I quit my old job back in Jan
You are self-employed and are responsible for reporting your income yourself.

If it were me, I'd just put it aside in a savings or whatever.