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RenataB
Level 2
Aug 31, 2022 10:12 PM UTC
Question

Will I have to make estimated payments?

Will I need to make estimated payments if my income from self employment is icky going to be around $3500 this year?

    1 reply

    EricE_CPA
    Alumni - Intuit
    Aug 31, 2022 10:17 PM UTC

    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.

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