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Is there a way to pay your taxes throughout the yr for a job that us a 1099? Thank you

 
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Is there a way to pay your taxes throughout the yr for a job that us a 1099? Thank you

You can pay estimated federal taxes at any time using the IRS payment website - https://www.irs.gov/payments

MinhT1
Expert Alumni

Is there a way to pay your taxes throughout the yr for a job that us a 1099? Thank you

If you receive a form 1099-NEC, you are self-employed. You can and should estimated taxes every quarter to avoid the underpayment penalty.

 

From an estimation of your income in 2023, you can estimate taxes and pay them to the IRS in 4 instalments: April 18, June 15, September 15, 2023 and January 16, 2024.

 

You can pay estimated taxes using this IRS portal.

 

Please read this TurboTax Help article on how to calculate your estimated tax payments.

 

 

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