What Gig Workers Need To Know About Taxes
Denver Post, The
Many Americans have joined the gig economy since the pandemic.
If you became a gig worker during the pandemic, beware: Your taxes just got more complicated.
Gig work - Uber driving, Instacart shopping, Amazon Flex delivery and so on - is on-demand, freelance work that s typically taxed as self-employment. Instead of having an employer withhold money from your paycheck, you re an independent contractor who is expected to pay taxes on your gig income as you earn it. You ll also owe a larger share of your pay to Social Security and Medicare taxes.
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Jump-Start Your Credit: Find and Fix Errors on Your Credit Report
February 1, 2021 8:00 AM Bev O Shea
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Checking your credit reports can help you ensure that the information being used to calculate your credit scores is accurate and up to date. That’s valuable when you’re working on building credit. It’s also good to see what potential creditors see when they check your credit.
Once you’ve used AnnualCreditReport.com to get your reports from the three major credit bureaus, here’s what to look for and what to do if you find errors.
Skim through your reports
Jump-Start Your Credit: Get Your Credit Reports
January 25, 2021 8:00 AM Bev O Shea
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Updated:
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Credit scores are designed to help lenders understand how likely you are to repay borrowed money. Credit-scoring companies apply a mathematical formula to data about how you’ve handled credit in the past and that data comes from your credit reports.
You have a right to see your credit reports, and taking a look at them is a key part of working on your credit. It lets you verify that the information is accurate and timely, and also gives you an idea of how potential lenders or even employers might view you.