Good Morning,
Until today I did not know that I should have been paying quarterly taxes and after reading some posts has me a little concerned.
I receive SSDI in which I do have a percentage withheld for taxes as well as being an independent contractor and my husband is a W2 employee.
I have been on Turbo to try and estimate what we may or may not owe, but with all the different variables in play, I just pushed it aside and thought I would just do our taxes like I normally do. Now I am seeing that I should have been paying quarterly taxes. Should I also be paying quarterly taxes to my State as well?
I am not even sure where to start with all the variables in our situation, any guidance you can give me would be great.
I also know that with being self employed there are a lot of things that I can write off as far as home office, partial cell phone, equipment that I use, internet, etc. but someone had mentioned to me QBI (qualified business income). I am not clear on what this is.
When I try and do research on write offs, etc. I feel like I get taken down the rabbit hole and get pulled in different directions and finding conflicting information.
Thank you for offering your time to help people like me in this situation gain a better understanding of what to do. Thank you so much!
