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Level 1
June 6, 2019
Solved

Self employment tax. Is this taken out of my return or is this something I should have paid throughout the year?

  • June 6, 2019
  • 1 reply
  • 9 views
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Best answer by tygrtchr

Your self-employement tax for the year will be figured and paid when you file your return.  You must send in estimated payments quarterly in order to avoid an underpayment penalty at the end of the year. 

1 reply

tygrtchr
tygrtchrAnswer
Level 7
June 6, 2019

Your self-employement tax for the year will be figured and paid when you file your return.  You must send in estimated payments quarterly in order to avoid an underpayment penalty at the end of the year.