Quick answer: Yes, OnlyFans income is taxable, reported the same way any other 1099 income is — and the platform’s 20% cut comes off before you calculate what you owe, not after. How the money and the paperwork actually flow OnlyFans pays creators 80% of what subscribers and tippers pay; the platform keeps 20%. If … Read more
Quick answer: No — DoorDash doesn’t send Dashers a W-2, because Dashers aren’t employees. If you earned $2,000 or more delivering in 2026, DoorDash sends you a 1099-NEC instead, and that one-letter difference changes everything about how you owe tax. What DoorDash actually sends you A W-2 means an employer withheld income tax, Social Security, … Read more
A $70,000 job offer and a $70,000 freelance contract are not the same $70,000. As a W-2 employee, your employer quietly covers half of your Social Security and Medicare tax. As a 1099 contractor, you cover all of it yourself — on top of losing benefits like paid time off or a 401(k) match. This … Read more
Being your own boss means being your own payroll department. Nobody withholds tax from a 1099 payment the way an employer withholds it from a paycheck — the responsibility for setting money aside, and sending it to the IRS four times a year, falls entirely on you. This calculator turns your net self-employment income into … Read more
