That depends on how much you expect to earn and how much taxes you expect to pay in 2019.When you get through with turbotax if they think you will have to make estimated payments for 2019 they will have generated 1040-es payment vouchers for you to print out and send in . See the cover page of your return.
That depends on how much you expect to earn and how much taxes you expect to pay in 2019.When you get through with turbotax if they think you will have to make estimated payments for 2019 they will have generated 1040-es payment vouchers for you to print out and send in . See the cover page of your return.
Do I need to make estimated tax payments to the IRS?
PAYING ESTIMATES
For SE self employment tax - if you have a net
profit (after expenses) of $400 or more you will pay 15.3% for 2015 SE
Tax on 92.35% of your net profit in addition to your regular income tax on it.
So if you have other income like W2 income your extra business income might put
you into a higher tax bracket.
You must make quarterly estimated tax payments
for the current tax year (or next year) if both of the following apply:
- 1. You expect to owe at least $1,000 in tax
for the current tax year, after subtracting your withholding and credits.
- 2. You expect your withholding and credits to
be less than the smaller of:
90% of the tax to be shown
on your current year’s tax return, or
100% of the tax shown on your prior
year’s tax return. (Your prior year tax return must cover all 12 months.)
https://ttlc.intuit.com/replies/3301891
How do I make estimated tax payments?https://ttlc.intuit.com/replies/3301258
Can TurboTax calculate next year's federal estimated taxes?
https://ttlc.intuit.com/replies/4242911
Can TurboTax calculate the estimated payments for next year's state taxes?
https://ttlc.intuit.com/replies/3301735