MarthaT
Employee Tax Expert

Self employed

Hello and thank you for your question.  You can do either/or. 

 

You can make estimated tax payments at https://www.irs.gov/payments and the easiest way to calculate your taxes is to use the tax calculator from https://turbotax.intuit.com/tax-tools/.

 

You can also have your employer withhold an extra allowance at every paycheck by filling a new form W4 and submit it to your payroll department.  You can use the W-4 Calculator 2023 at https://turbotax.intuit.com/tax-tools/calculators/w4/.

 

I hope this answered your question.  Thanks and have a wonderful day

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