topic Independent contractor in Self employed

Independent contractor

RenataB — Tue, 10 Mar 2026 05:39:51 GMT

Will I need to make estimated tax payments this year if I only have about $3500 income from self employment? And can I still take the standard deduction when filing my return?

Re: Independent contractor

EricE_CPA — Wed, 31 Aug 2022 22:16:05 GMT

Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.