Timing of Self Employment quarterly taxes for my startup in mid May

LPMurray — Tue, 24 Feb 2026 07:02:04 GMT

I worked until mid May and was having taxes withheld by that employer. Then in mid May I started my own business. I have not paid any estimated self employment or income taxes yet for.

How should I start? Wait to pay with Form 1040-ES by September 15th?

Pay an estimated amount for the May taxes asap and then the June through August by September 15th?

Further information, I received a refund for my 2022 income taxes and did not need to make quarterly payments while employed until I went out on my own in May.

Basically I had planned to estimate my net income from May through August 31st and multiply it times 25% (approximately 10% was my taxes for last year plus 15.3% for self-employment) and pay it by September 15th.

Thanks

Re: Timing of Self Employment quarterly taxes for my startup in mid May

Cindy4 — Wed, 30 Aug 2023 22:56:40 GMT

Hi @LPMurray !

It sounds like you have a good plan for the amount you are estimating. I would definitely make the September 15th estimated payment and include anything for up to that point.

Here are a couple resources that you may find useful:

https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-how-to-determine-what-to-pay-and-when/L3OPIbJNw

https://turbotax.intuit.com/personal-taxes/self-employment-taxes/

Hope this helps!

Cindy

topic Timing of Self Employment quarterly taxes for my startup in mid May in Self employed

Timing of Self Employment quarterly taxes for my startup in mid May

Re: Timing of Self Employment quarterly taxes for my startup in mid May