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Returning Member
posted Oct 27, 2021 4:30:53 PM

First year self-employed

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?

0 3 1618
3 Replies
Employee Tax Expert
Oct 27, 2021 4:41:24 PM

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

 

Returning Member
Oct 27, 2021 5:03:44 PM

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

Level 15
Oct 27, 2021 5:49:52 PM

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