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I'm a sole proprietor, but why does quarterly estimated taxes include spouse's income?
My spouse and I are filing jointly using 2022 Turbotax Home & Office (download), and I'm a sole proprietor while he works for a corporation. Why does the quarterly estimated tax include both of our income, when it should only include mine (self-employed)? Should I just ignore that and divide my SE tax by 4 and pay that online on IRS' website? And why should I do this if we pay my SE tax as part of our overall income tax filing? Wouldn't it be paying the IRS twice for my SE tax? Would appreciate your wisdom, thanks!
March 31, 2023
7:25 AM