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Level 2

Question

Federal Taxes

4 replies
17 views

Federal taxes are not taking out of checks, will this become a problem later?

Level 15

Probably. You might owe a tax due on your tax return. Will you be getting a W2 or a 1099NEC for your pay? If you get a 1099NEC that is self employment income and you will need to pay self employment tax on it. You might want to send in quarterly estimated payments to cover the tax due.

Here are the blank Estimates and instructions…..

http://www.irs.gov/pub/irs-pdf/f1040es.pdf

The 1040ES quarterly estimates are due April 15, June 15, Sept 15 and Jan 18, 2022. Your state will also have their own estimate forms.

Or you can pay directly on the IRS website https://www.irs.gov/payments

Be sure to pick the right kind of payment and year.....2021 Estimate

Haleema77Author

Level 2

No I received a W2 with 3 dependents. Is there any way someone could look over my return

Level 15

Ask your employer about the withholding. Just fill out your tax return and see if you owe anything. Do you have a tax due?