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Estimated Tax Payments
I retired and had W-2 income through February 2021. I have been drawing Social Security since January 2021. I have a side business which typically shows a loss.
This year I will have 1099-MISC income from a contract job that I did. I did not pay estimated taxes since this is my first year of retirement and I anticipate a loss from my business. Should I make an estimated tax payment before the end of the year or wait and see if I owe any tax when my return is prepared?
‎October 27, 2021
9:07 AM