topic I am making money in 2019 to be reported on a 1099. My overall income is projected to be less than $32,000. Do I even need to worry about paying estimated taxes on it? in Get your taxes done using TurboTax

I am making money in 2019 to be reported on a 1099. My overall income is projected to be less than $32,000. Do I even need to worry about paying estimated taxes on it?

julia-c-muller — Tue, 04 Jun 2019 21:07:07 GMT

What kind of 1099? What type of income?

Lisa995 — Tue, 04 Jun 2019 21:07:09 GMT

What kind of 1099? What type of income?

Yes! If you are a 1099 worker, you will be responsible f...

Vanessa — Tue, 04 Jun 2019 21:07:10 GMT

Yes! If you are a 1099 worker, you will be responsible for Self-employment taxes which are 15.3% of your income. You will also need to pay regular taxes on top of the self-employment taxes. If your single, that will be about 12% in addition to the 15.3%. You will also need to make estimated payments to the state if your state has an income tax.

Thanks, I've tried to figure it out by doing a estimated...

julia-c-muller — Tue, 04 Jun 2019 21:07:12 GMT

Thanks, I've tried to figure it out by doing a estimated tax form and it appears than I don't have to pay... I think I'm going to ask a local tax expert that I can discuss this.