Plan for quarterly estimated taxes on rideshare income
Added
If you drive as an independent contractor, no employer withholds tax from your earnings. The IRS says individuals generally must make estimated tax payments if they expect to owe $1,000 or more when filing. Payments cover income tax and self-employment tax, and you can pay online, by phone or in the IRS app.
The result
Result: IRS: the year is split into four payment periods, and underpaying can trigger a penalty; Form 1040-ES has a worksheet.
Note: Not tax advice. Rules change and depend on your situation; confirm with the IRS or a tax professional.
Source
IRS estimated taxes (opens the original source in a new tab). Check it for the latest numbers before you act.