I want to commend you on going ahead and doing the math to see what your current tax position. Pre-planning is super important when you are earning money when self-employed. If your self-employed net income is not significant, I often advise clients to adjust their Form W-4, which you both have done, which again is great planning. So, if your calculations are showing that you are well withheld go with that. You do not want to significantly overpay by paying more taxes at this point.
Thank you for your question @Sgreenwood12 and kudos on a job well done in planning ahead.
Be well and safe!
Marc T.
Turbo Tax Expert
27 Years of Experience Helping Clients
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