Ive never paid self employed taxes or had a job really. I need help paying self employed taxes for writing job from last year?

[ColeenD3]

You would enter your income on Schedule C. If you received a 1099-NEC, you will have your earnings. If you did not, you will have to reconstruct your income,

The program will walk you through income and expenses and will calculate the SE tax on your profit.

1. Type "Schedule C" in the search field at the top right hand of the screen.
2. Select "Jump To Schedule C" and you will be brought to the section of TurboTax where you can enter or have entered your business income and expense information

[jon-tentwentysev]

Thank you. When I type that in I dont see the jmp to schedule c option

[PattiF]

The screenshot below shows the search box and the Jump to schedule c link in TurboTax Desktop. 

This should also work in TurboTax Online. Or you can follow the instructions below:

If you're self-employed, it's likely you need to fill out an IRS Schedule C to report how much money you made or lost in your business.

We'll automatically complete Schedule C for you when you add your self-employment income in TurboTax (usually Form 1099-NEC or 1099-MISC). It gets attached to your Form 1040, which we'll also handle for you.

If you need Schedule C to report a 1099-NEC or 1099-MISC, search for 1099-NEC or 1099-misc and select the Jump to link. We'll ask questions to find out if your 1099 income needs to go on Schedule C.

[jon-tentwentysev]

how do you pay the amount you owe

[LenaH]

There are several different ways to pay your tax bill in TurboTax:

• Direct debit (free)
• Credit or debit card (convenience fee)
• Check or money order (free except for postage)
• IRS Installment Agreement (this may be free or have a fee, depending on your circumstance)
• Cash (at a retail partner) 

Self-employment tax (SE tax) is the Social Security and Medicare tax paid by self-employed individuals. It is similar to FICA which is the Social Security and Medicare taxes withheld from an employee’s paycheck.

When you’re self-employed, you are paid the full amount you earn. Nothing is deducted from your check for Social Security and Medicare taxes. Instead, you make estimated tax payments during the year to pay your SE tax and your income tax. If you don’t make estimated tax payments, then you pay these taxes when you file your return.

If you’re self-employed, you can claim a federal deduction for half the SE tax you pay, which can help lower your taxes. The SE tax rate is 15.3% with 12.4% for Social Security and 2.9% for Medicare. TurboTax reports your SE tax on Schedule SE and also calculates the deduction that goes along with it.

Generally, you'll have to pay an underpayment penalty if you owe more than $1,000 in taxes (after taking withholding into account) and:

 * Your taxes withheld don't cover at least 90% of your 2021 tax liability, or

 * Your taxes withheld aren't at least 100% of your 2020 tax liability if your AGI is up to $150,000 or 110% if your AGI is more than $150,000. (The amount is $75,000 if you're married filing separately.)

As a self-employed individual, you will want to pay estimated taxes in the future to avoid an underpayment penalty. TurboTax uses the most recent information when calculating your 2022 estimated taxes. These estimates may need to be updated based on your estimated 2022 self-employment earnings. 

Please follow these steps to calculate and generate 1040-ES vouchers: 

1. With your tax return open, search for 1040-es (be sure to include the dash) and select the Jump to link.
2. Answer No to the question Do you want to change your W-4 withholdings for 2021?
3. Answer the questions about things like your 2022 filing status, income, and deductions.
4. Eventually, you'll come to the Print Vouchers? screen. Answer Yes and we'll include your 2022 1040-ES payment vouchers when you print a copy of your return later.

@jon-tentwentysev