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Get your taxes done using TurboTax
Yes.
You are correct. Depending upon how much income you have, you would be subject to federal and state income taxes, as well as self-employment taxes for federal purposes.
In regards to the latter part of your question, if your overall tax due at the end of the year is below $1,000, you would not need to make estimated taxes. Please see the attached for additional details.
Do I need to make estimated tax payments
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‎July 3, 2020
3:21 PM