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New Member
posted Feb 4, 2025 12:46:00 PM

1099 Contractor - SS Points

I am a 1099 contractor for an online company. I need to pay my taxes for this, but I want to make sure that when I pay social security I get the points added to my retirement. Can someone explain how I would do that?

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3 Replies
Level 15
Feb 4, 2025 12:52:10 PM
New Member
Feb 5, 2025 9:10:35 AM

Is this something I can do every 3 months (every quarter)?

Employee Tax Expert
Feb 5, 2025 9:39:32 AM

TurboTax will help you calculate your quarterly estimated tax payment for 2025. The estimates will be based on your 2024 income, but you'll be given a chance to make adjustments for income or expenses that you know will change. For example, if you got a big contract and know that you're self-employment income is going to double - you can adjust for that so that you pay more during the year.

 

The estimated section comes at the end of your federal taxes, in the Other Tax Situations section before you move on to state. If you need to make state estimated payments, that section will show up toward the end of the state tax section.

 

To jump right there, when you're logged in to your return, search 1040-es in the search bar. Click on the "jump to 1040-es" result. You'll be walked through setting up your federal estimated payments.

 

Please see:

- Estimated Payments: How to Determine What to Pay and When

- How does TurboTax calculate my estimated tax payments?

- How do I make estimated tax payments?