topic Do I pay SE tax separate from Federal taxes? in Get your taxes done using TurboTax

Do I pay SE tax separate from Federal taxes?

info19 — Mon, 03 Jun 2019 23:17:59 GMT

First year running a business here and new to Self Employment tax. I see the Schedule SE is part of my tax return and SE tax is listed on Line 57 of my 1040.

Do I have to pay SE tax separate than federal, or is it calculate in conjunction with the federal return I filled?

Should I be paying quarterly next year?

Turbo Tax will factor in the amount of tax owed from self...

MardiK — Mon, 03 Jun 2019 23:18:00 GMT

Turbo Tax will factor in the amount of tax owed from self-employment on this year's return.

Anything over $400 earned from SE is taxable. If you don't want to pay on it come April (and especially if you plan to earn a lot in '18) refer to this to calculate your quarterly payments. https://www.irs.gov/pub/irs-pdf/f1040es.pdf