How can I calculate my quarterly taxes from being a 1099 employee?
01256
1 Replies
xmasbaby0
Level 15
Aug 8, 2025 6:37:33 PM
If you are getting a 1099NEC you are not an employee. You are an independent contractor who has a client or maybe several clients. When you are self-employed you pay self-employment tax for Social Security and Medicare, and ordinary income tax if you earn above the standard deduction amount for your filing status.