turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts All About the Refund! >> Event happening NOW!!!!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Is quarterly Self-Employment Tax the only money we need to submit ahead of annual tax season?

Two questions:

 

1) Approximately how much money does one need to make through self-employment before they have to file quarterly payments?

 

2) Is the self-employment tax (fed and state) the only payments that need to be made, or are there other payments that have to be dealt with before the usual annual tax deadline?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Donna F 77
Employee Tax Expert

Is quarterly Self-Employment Tax the only money we need to submit ahead of annual tax season?

Estimated tax payments for federal and state are generally the only tax payments you need to focus on outside of tax season.  You technically wouldn't be required to pay estimated tax payments until your estimated tax due for the year reached $1,000 for federal purposes.  Estimated taxes are based on your entire tax situation, not just the self-employment income.

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies