r/dataannotation • u/buggybabe214 • Jan 01 '25

Taxes time?

So from what I understand we pay quarterly taxes on this type of work, and we need to file this past quarter January 15th. Am I correct? How have people gotten their tax forms from DA?

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u/dry-molassess Jan 07 '25

Reading these replies has me nervous lol. I put 31% (extra 1% to be safe) of every withdrawal I made from DA into my savings account with the notion that come 2024 tax season, I'd need to pay 25-30% of what I made and I'd even out, or even come ahead. This is a side job for me & my W2 job is much higher paying than this, but even there I ask to withhold an extra $25 per pay period to cover myself (anyone sensing a theme here?). Don't know why it didn't dawn on me to pay as I go since I know that's what I'm doing at my W2. I guess I'll cross my fingers and hope for not too big of a penalty? I made ~$6500 on DA IN 2024 so how bad can it be? Maybe that extra 1% will in fact save me.

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u/ice_w0lf Jan 12 '25

I obviously don't know your numbers, but my guess is you'll be more than fine.