Hi I’m self employed I didn’t know I had to pay quarterly taxes. So for the year of 2017 I made $42540 had $7510 in business miles, my federal taxes are 7938 and my state taxes are 1100? Is

hate4anime · ‎June 4, 2019

MarilynG · ‎June 4, 2019

If this was your first year in business, you shouldn't be penalized for not paying quarterly taxes. (Congratulations on a great year!)

However, TurboTax will set you up with vouchers to pay your quarterly Estimate Taxes going forward, so that you won't be in the same boat next year, with a possible penalty.

There are several ways to pay your Estimated Taxes. Here's some info to help you:

https://ttlc.intuit.com/replies/3301258

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

Hi I’m self employed I didn’t know I had to pay quarterly taxes. So for the year of 2017 I made $42540 had $7510 in business miles, my federal taxes are 7938 and my state taxes are 1100? Is