Will Rover withhold income tax?
Will rover withhold income tax for sitters?
Will rover withhold income tax for sitters?
No. You are an independent contractor, so no income taxes are withheld. You report your income via a 1099 and the gov't will let you know how much you owe. You might also want to reach out to a CPA or Tax person to see what the requirements are for reporting that income, I think some places have a minimum that if not met, might not have to be reported but i am not a tax expert so definitely check into it.
You don't report using a 1099, that's used by employers. You report your Rover earnings and expenses on the Schedule C of your federal income tax return.
You report your income via Schedule C to Form 1040. Since there is no withholding, you will need to set aside sufficient funds for quarterly estimated payments. You should consult a tax professional on how to manage your tax situation,.
As an independent contractor, you should also be concerned about paying your tax quarterly so you don't get in a situation where the IRS charges you a penalty at the end of the year. Here is the IRS article: https://www.irs.gov/businesses/small-...