Self-Employment Tax With a W-2 Job: How Side Hustle Income Is Taxed in 2026
Working a W-2 job does not automatically exempt your side hustle from self-employment tax. If you run a freelance business, drive for a gig platform, sell services, or earn other business income on the side, you may owe self-employment tax even though Social Security and Medicare taxes are already coming out of your paycheck. The … Read more