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Level 1
posted Aug 31, 2022 3:12:41 PM

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?

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1 Replies
Expert Alumni
Aug 31, 2022 3:17:48 PM

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.