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Level 1
posted Aug 28, 2024 9:11:22 AM

Do I need to do Self Employed Quarterly filing?

Do I need to do Self Employed Quarterly filing if I only made $850 this year and will be going on maternity leave in a few weeks? This is a just a side job to get a little extra cash for our family. I won't be working at all for 3 months when I go on maternity leave and will only get about 60% of my paycheck from my full-time job while I am gone.

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1 Replies
Employee Tax Expert
Aug 28, 2024 10:21:51 AM

Estimated payments are required if your tax liability at the end of the year is greater than $1,000.  

 

Going forward, you may find these references helpful.  Do I need to pay estimated taxesIf I have to pay, how should I pay?

 

Congratulations on the new baby!

Cindy