@WDW_fan_in_TX , as a Uber or Lyft driver you would be an independent contractor. You will be responsible for paying all self-employment taxes on your earnings. That means Medicare and Social Security taxes as well as income taxes on your earnings. It's not as easy as saying I'll do 10 rides a day and everything I make is mine to keep. You need to be deciplined enough to set aside those tax monies to pay them when they are due.
Typically, self employed people estimate income and pay their taxes every quarter. And they pay the full amount for Soc. Sec and Medicare. When you are an employee, your employer pays half and you pay half. I comes right out of your paycheck, so you never see it.
I'm not trying to discourage you from trying a side gig. I just want to make you aware that you will need to be very careful and not spend money that needs to go toward paying those taxes. Uncle Sam will want his share and he will go after you for it (with penalties and interest)
