I am no longer a W2 employee since I left my teaching job in August. I'm now doing contract work. When I use the tax calculators from you or the IRS to estimate based on what I think I'm going to earn the rest of the year it says I've already contributed over the amount I will owe. Do I still have to pay estimated quarterly taxes if I've already contributed what I'm going to owe for the year?
I have a side W2 gig that I have extra taxes withheld from. I'm making less money from this job now too but still paying the same in taxes. I think that is why the calculators say I've already contributed what I'm going to owe in taxes this year.
Please help, my situation seems confusing!
