W2, 1099, and husband W2

[Denealla]

My spouse is W2 employed and I have a W2 full time employment and now a 1099 side gig. We file jointly. Do I include both of our W2 incomes for quarterly taxes? I'm also confused on how to file jointly for my dual incomes. 

[JBedford]

Hi, @Denealla , thanks for the questions! 

The bare minimum you should pay in estimated payments is 100% of your 2022 tax liability from Line 24 of your Form 1040. If you make over $150,000 if married filing jointly in self-employment income, then you should pay 110% of that number. You would pay this in four quarterly payments of 25% (or 27.5%) each. This will allow you to avoid an underpayment penalty. Also, don't forget to count any other tax payments you make, such as your withholding from your jobs. This will reduce the amount you need to pay.

TurboTax can help you file with the different types of income. You would simply include both of your jobs in the "Wages and Salaries" section, and your side gig income in the "Self-Employment" section. 

Hope this helps, please let me know if not!

[LoriLeighEA]

@Denealla Here is a great resource that explains in detail about making quarterly payments for your self employment: https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-common-questions/L1luHqVdl

I know it can be confusing when you have multiple income sources. You can still file married filing jointly with all your different types of income, TurboTax will walk you through entering it. If you are already paying taxes through your W2s, there would be no need to pay more through quarterly payments, just use the self employed income. Any more questions or concerns let us know.