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This is probably a stupid question, so bear with me: I'm thinking about getting a side gig to help contribute to our house fund but I just want to make sure it's a good idea before committing to anything.

Is there any reason a side gig would NOT be a good idea? Is it possible to end up paying more in taxes if I take on 1099 work on top of my regular, salaried W2 income?

For reference: I'm married. My partner and I make around the same amount of money (~45,000), and I'm shooting for another 10,000 in side gig income (but who knows if I'll actually make this much.)

I've never freelanced before, so I just want to make sure all my ducks are in a row.



Submitted March 02, 2018 at 08:54AM by shecker6 http://ift.tt/2GTJIT2

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