1099 Contractor in 2024

[donnajprice]

I semi-retired in 2023 and now working for the same company as a 1099 contractor.  What quarterly taxes do I need to pay and how do I know how much to pay?  What is the penalty if you don't pay in enough?

[Jackstar221]

Hi,

Here is an estimated taxes link for you Estimated Taxes 

Within this link, there is the Tax Withholding Estimator Tax Withholding Estimator 

Here is an article regarding the penalties related to estimated tax for individuals Underpayment of estimated tax by individuals penalty 

The due dates for filing estimated taxes for individuals are 4/15/24, 6/17/24, 9/16/24, and 1/15/25