First year self-employed

Forum|Forum|4 years ago
October 27, 2021
1 reply
0 views

This is my first year fully self-employed. I have not paid any estimated taxes or quarterlies this year. Should have I been filing and paying? What about FICA and Medicare? When and how do those get paid?

Michele_H

Level 6

Hi @Susie02 you may want to estimate your taxable income for the year to see if you need to make a payment.

Turbo Tax has a couple calculators that can help you achieve this, here is the link for this.

https://turbotax.intuit.com/tax-tools/

Here is a link to show you where to pay the estimates at.

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-make-estimated-tax-payments/00/25875

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

no help

Level 2

WEBINAR was very difficult to ask questions, see areas of concern ... WHY DIDN'T TURBO HAVE LIVE EVENT LIKE THEY PURPORTED???

macuser_22

Alumni - Champ

They did for most of today. I think it ended at 4 or 5 PM Pacific time.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**