Independent contractor

[RenataB]

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?

[EricE_CPA]

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.