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Self employed
Hi Doclaw67,
Thank you for asking. You did a good job to have extra withholding at your W-2 for your wife's income. Although you have done the withhold, it is hard to estimate exactly if the withhold would be enough. Using the tax calculator at the end of year will be able to better estimate if your withhold enough to cover for both you and your wife's income. If you found you still owe more than $1000 in tax, please pay the estimated tax by Jannuary 15th to avoid any underpayment penalties.
We hope you found the above information helpful. Please always feel free to contact our TurboTax Live Expert if you have any further questions. We wish you have a wonderful day!
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‎August 30, 2023
11:00 AM