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RenataB
Level 1

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
Employee Tax Expert

Will I have to make estimated payments?

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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