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New Member
posted Jan 11, 2023 1:48:18 PM

I am using TT Deluxe. Do I need to include quarterly self employment taxes paid in the total estimated taxes paid line

It looks like TT Deluxe calculates the self employment taxes due when I enter consulting fees.

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1 Replies
Expert Alumni
Jan 11, 2023 2:21:33 PM

"Do I need to include quarterly self employment taxes paid in the total estimated taxes paid line"

 

We have answered this in your other post.

 

Yes, when TurboTax does Schedule C and Schedule SE, the amount of the self-employment taxes is added to your taxes due on the 1040. Therefore, it is funneled into the income taxes assessed.