• Community
  • :
  • Discussions
  • :
  • Taxes
  • :
  • Get your taxes done
  • :
  • Re: I usually file with W2's, but will have 1099's this year. Do I set the money aside and pay when I file? Or do i pay the estimated taxes as I go?
xmasbaby0
Level 15 xmasbaby0
Level 15
  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

Get your taxes done using TurboTax

@wishchicky 

If you receive a 1099Misc for self-employment income, you will pay 15.3% self-employment tax for Social Security and Medicare, as well as ordinary federal and state tax.

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

https://ttlc.intuit.com/questions/2893577-does-a-1099-misc-mean-i-m-self-employed

https://ttlc.intuit.com/questions/2903027-how-do-i-report-income-from-self-employment

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎August 22, 2019 8:59 PM
2
664 Views
Reply
Bookmark Icon
Powered by Khoros