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Deductions & credits
If you receive a form 1099-NEC, you are self-employed. You can and should estimated taxes every quarter to avoid the underpayment penalty.
From an estimation of your income in 2023, you can estimate taxes and pay them to the IRS in 4 instalments: April 18, June 15, September 15, 2023 and January 16, 2024.
You can pay estimated taxes using this IRS portal.
Please read this TurboTax Help article on how to calculate your estimated tax payments.
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March 23, 2023
5:06 AM