JandKit
Employee Tax Expert

Self employed

The 1099-NEC will only tell you how much income your husband was actually paid. Once you have included all of your expenses , you will then know if there is an additional amount to be paid. To be sure, You can use the link provided to show how much tax will be due(be proactive) before hand. This will allow you to make estimated tax payments early to offset any chance of an estimated tax penalty. Included here for reference:

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

 

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