https://ttlc.intuit.com/community/self-employed-group/discussion/re-1099-nec/01/3086462#M11446 <P>Thanks&nbsp;<a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5338163">@Kenmin0071</a>&nbsp;for your question!!</P> <P>&nbsp;</P> <P><SPAN>Yes. Self-employed individuals generally must pay self-employment (SE) tax as well as income tax. SE tax is a Social Security and Medicare tax primarily for individuals who work for themselves.&nbsp;Estimated tax is the method used to pay Social Security and Medicare taxes and income tax, because you do not have an employer withholding these taxes for you.</SPAN></P> <P><SPAN>IRS article:&nbsp;<A href="https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center#:~:text=Estimated%20tax%20is%20the%20method,Form%201040%20or%201040%2DSR." target="_self">Self-Employed Individuals Tax Center</A>&nbsp;</SPAN></P> <P>&nbsp;</P> Wed, 30 Aug 2023 18:25:09 GMT SwapnaM 2023-08-30T18:25:09Z https://ttlc.intuit.com/community/self-employed-group/discussion/1099-nec/01/3086429#M11445 <P>&nbsp;</P><P>Hello, I am new to being self emplyed. I have been paying quarterly taxes on the IRS.gov web site. I pay towards&nbsp;<SPAN>Estimated Tax Payment.&nbsp;</SPAN><SPAN>I payed a lump sum. Does the IRS distribute the amount for Fed taxes, Medicare and Social Security?</SPAN></P> Tue, 24 Feb 2026 07:03:48 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/1099-nec/01/3086429#M11445 Kenmin0071 2026-02-24T07:03:48Z https://ttlc.intuit.com/community/self-employed-group/discussion/re-1099-nec/01/3086462#M11446 <P>Thanks&nbsp;<a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5338163">@Kenmin0071</a>&nbsp;for your question!!</P> <P>&nbsp;</P> <P><SPAN>Yes. Self-employed individuals generally must pay self-employment (SE) tax as well as income tax. SE tax is a Social Security and Medicare tax primarily for individuals who work for themselves.&nbsp;Estimated tax is the method used to pay Social Security and Medicare taxes and income tax, because you do not have an employer withholding these taxes for you.</SPAN></P> <P><SPAN>IRS article:&nbsp;<A href="https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center#:~:text=Estimated%20tax%20is%20the%20method,Form%201040%20or%201040%2DSR." target="_self">Self-Employed Individuals Tax Center</A>&nbsp;</SPAN></P> <P>&nbsp;</P> Wed, 30 Aug 2023 18:25:09 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/re-1099-nec/01/3086462#M11446 SwapnaM 2023-08-30T18:25:09Z