Hi Am_pick0406,
just to chime in with the reply already given, the way to calculate the estimated tax payment is to accuately calculate the income received. If that income is on the 1099 NEC, Box 1 will indicate the amount paid for the year...
Next,
calculate the amount of deductions or expenses that your husband incurred.
Next, Subtract the difference of these two,
Income minus deductions/expenses
the remainder is your profit or loss.
If negative, there is no tax due.
If positive: Multiply the profit or loss by 0.035373875. This product is the amount of taxes due quarterly.
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