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W2 and 1099 income
Hello,
During year 2022, I worked for Corporate first 7 months and then last 5 months I am an independent contractor in the IT field and will be receiving 1099 for that.
Due to 2021 tax situation, I have paid Quarterly ES during 2022. I used calculators online to estimate the total tax for the year 2022. The total of tax deducted from my paychecks ( my estimate of what would show up on W2) and four estimated payments I made in 2022 will be higher that the estimated total tax for the year 2022 (that I calculated using an online calculator). So the question I have is do I still need to send Self Estimated tax payment for 1099 income of 5 months?
Thanks
‎November 18, 2022
12:29 AM