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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 Reply
BillM223
Expert Alumni

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

"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.

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