It depends how much money you will be making on your freelance work in the current year. If you expect to have a balance due of more than $1000 in federal taxes for the tax year, you may need to make estimated quarterly tax payments. As an alternative, you may want to increase your tax withholding at your W2 job.
Hope this helps.
Amita
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
