This flows to the main form 1040 where it is combined with your other income and deductions to calculate your overall tax bill.
If you have any questions that are not listed here, then you may find the answer elsewhere online Google, Reddit, etc.
According to some media sources, since the 2020 pandemic forced lockdowns across the world.
Is Content on OnlyFans Really Private? If you report it, you will prepare a schedule C to attach to your regular tax return.
Any opinions offered herein are for informational purposes only.
This is something that people often miss and so their tax bills are higher than they expected.
Estimated taxes are due quarterly on april 15th, june 15th, september 15th and january 15th.
Also do not forget that self employed workers pay the employer side federal taxes as well, so double the taxes for social security.