TeriH
Employee Tax Expert

Business & farm

Great question!

From what you said, all of your income will be from self employment.  TurboTax has a Tax Calculator that can help you esimate your tax obligation based on your income and situation.  At present it's for 2023, but will be updated in the near term for 2024.  When you enter your income, you'll want to deduct valid expenses.  This TurboTax article gives great detail and suggestions for things you may have overlooked.  Another resource is our Self-employed expenses monitor.  It helps you track those expenses year round.

If you do owe taxes (as determined from the calculator), reference this TurboTax article on how to pay them. 

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