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Full time W2 with small 1099 income
Hello. My husband and I file our taxes together for our W2 jobs in FL each year. Both of our jobs file income taxes quarterly and we have our withholding set to a higher amount than is required. We also receive 1099 income, but the additional withholding for our W2 jobs more than covers the taxes we would owe from our 1099 side business. Should we still be sending separate quarterly filings ourselves for the 1099 income? Or does the additional withholding from our W2 jobs have that covered?
‎August 28, 2024
10:00 AM