LeticiaF1
Expert Alumni

Business & farm

Taxes are pay-as-you-go, you should make an estimated tax for your income that you received the first quarter.  When you file your return, both your 1099 income and your W2 income will combine and you will pay taxes on both of them combined.  You will need to pay the tax due on all of your income combined, even if you owe less than $1,000.  

 

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