How does prepaying for taxes work? The current job I'm at doesn't withhold federal or state taxes and I don't want to end up owing a ton of a money at the end of the year

[fanfare]

your employer is required to withhold tax if you submit a W-4

Otherwise , make quarterly Estimated Tax payments to the IRS yourself.

[fanfare]

If you are a 1099-MISC contractor,you must make the estimated tax payments yourself.

[pmccoy413]

I'm not a contractor of any sorts. I am a regular employee of a company in NC and each of my paychecks say that 0.00 is taken out for state and federal with-holding. I submitted a W-4 for the job when I got hired. I want to make sure I am doing everything properly so I don't end up in trouble with the IRS