Hi @hzfess ,
Thank you for joining us today! Sounds like you are busy!
The IRS expects that we "Are Paying Taxes as We Go" so it is always recommended that you are making at least quarterly estimated taxes to the IRS. You have a couple of options. You can make and track your estimated payments by setting up an account on the IRS website: IRS Payments . Or, because you have W2 employment, you can have extra withholdings withheld from your paycheck by adjusting your W4. On line 4c of the W4 you can ask your employer to withhold an additional amount to cover your estimated tax payments.
Once you have filed a tax return with self employment income, TurboTax will generate your estimated quarterly tax vouchers for the upcoming year. To estimate your withholdings for this initial year, I recommend checking out our TurboTax product Tax Caster to help estimate your annual taxes. Tax Caster
Here is a link to the state of Georgia estimated tax guide. Georgia Estimated Tax In STEP 1, you can view GA's Tax Booklet on page for the tax tables for your specific filing status and income level to help determine what percentage you should estimate for your state taxes.
Thank you!
Melanie, CPA
