penalty for estimated tax

Smith104 — Tue, 10 Mar 2026 06:57:43 GMT

I am working as an independent contractor in 2022 for an ESL company and will make approximately $16,000 in addition to the retirement check I receive from the state of Georgia as a retired educator. 2022 would be my first year that I have been retired completely from the school system. I worked until May in the previous year and retired. I would think this would qualify as a life changing event so that I would not be charged a penalty for not paying estimated taxes this year. Do you know if this would be considered a qualifying event or will I be charged a penalty?

Re: penalty for estimated tax

agarcia10 — Wed, 16 Nov 2022 20:30:05 GMT

HI Smith104, thank you for your question, you still have time to pay estimated taxes, please click on the link below for more info from the IRS:

https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee

This is a helpful resource to help you with your question.

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penalty for estimated tax

Re: penalty for estimated tax