Do the turbotax estimated federal taxes include FICA, Medicare, i.e. the estimate is just one number? This is for sole owner LLC, entering business info on Schedule C, paid via 1099 MISC.
You'll need to sign in or create an account to connect with an expert.
Yes.
yes. the SE tax and regular taxes are combined paid as one tax. when you file in 2021, the IRS doesn't care which part of an estimate was for fica/medicare and regular income taxes.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rib123
New Member
bhuiras
New Member
conticm
New Member
alexislanacuellar
New Member
HOCKEYPLAYEA
New Member