JANETB211
Employee Tax Expert

Self employed

Hello @Mdeleon2010!

If you have a business or received 1099-NEC income, self-employment taxes of 15.3% of your profit (income – expenses) will be added to your tax return when you file your taxes.  You can pay quarterly estimated taxes during the year to avoid interest and penalties for amounts due.

This is a great article on estimated taxes:  https://ttlc.intuit.com/turbotax-support/en-us/help-article/estimated-taxes/make-estimated-tax-payme...


What type of self-employment do you have?

I hope this helps!
JanetB211

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