gig economy irs surcharge
Tax Filing Shock - IRS Surcharge Slashes Gig Income
In 2024 the IRS introduced a 3% surcharge on rideshare earnings above $55,000, trimming an average driver’s net pay by about $1,800 annually. The surcharge is part of a broader staffing funding effort and applies to all gig workers whose reported self-employment income exceeds the threshold. Financial