marctu
Employee Tax Expert

Business & farm

While I can appreciate you saying it is confusing, I want to commend you on actually going ahead and using a calculator 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 You had done this previously to withhold more taxes, which again is great planning.   So, if the calculator is 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 @Arianashah, 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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