How to Pay Taxes on 1099 Side Hustle Income
US Updated: July 31, 2026

How to Pay Taxes on 1099 Side Hustle Income

Quick Answer (2026 Summary)

1099 contractors pay 15.3% self-employment tax (Social Security + Medicare) on net income over $400. File quarterly estimated payments to avoid penalties.

Schedule C & Self-Employment Tax

1099 freelancers pay 15.3% self-employment tax plus federal income tax. Estimate quarterly payments with our US Tax Tool.

CW

Written by Capital Wealth Editorial Team

Reviewed by Certified Financial Content Specialists. Verified against official 2026 IRS, HMRC, and FBR regulatory documentation.

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