Dear Community,
I recently started working at a company called Ringle. They give me a 1099 for tax purposes. I'm confused as to whether I need to actually pay estimated tax before April 15th. I only started working this year as I'm still in school. Basically, I didn't work at all in 2024 and made no money. I was a citizen for the whole year. I'm not sure what the IRS means when it says "Your prior tax year covered a 12-month period". I'm guessing it means something like you worked a certain months out of the year and didn't work the other months? It's my first time dealing with a 1099 and it's incredibly confusing.
I'm also not sure how to use the self-employment tax calculator on TurboTax's website. I tried using it, but it didn't have a section for 1099s. There were only fields for W-2s so I'm really lost. Sorry if my thoughts are coming out all jumbled.
TLDR: Do I need to file estimated taxes before April 15th? I thought I didn't but I'm getting cold feet now that the deadline is a bit closer.
Thank you in advance for those who decide to answer these questions. I appreciate your time.
