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A Warning for “Gig Economy” Workers
The so-called Gig Economy, where long-term employment is replaced by intermittent short-term contract-type assignments, is more and more becoming the norm in today’s labor market. And since most of these workers are self-employed, tax complications can pose a bit of a risk. For example, estimated taxes need to include the effects of double Social Security taxation, and there are other potential pitfalls. Read this post by Personal Finance and Consumer Spending Reporter Kelli B. Grant at www.cnbc.com here…
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