If I make less than 3500 dollars for the year do I have to file quarterly taxes as a self employed person?

[MaryK4]

Maybe, the IRS says:

"Taxes must be paid as you earn or receive income during the year, either through withholding or estimated tax payments. Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed."

If the $3500 is gross income, you have to consider expenses as well.  Also, be wary because you may owe self-employment tax (social security and Medicare) in addition to any income tax.  Also, you must consider if you have other income- if the business income is your only income, it is unlikely you would owe the $1,000, but if you have other income you have to consider the total to determine the $1,000

If you have a W2 job you can always increase the withholding instead of the estimated tax payments.

[Anonymous]

I work for my local church as a custodian, but they pay me as a non employee. I didn't realize that all this extra stuff had to be done in order to have this "job". I work 1 day a week for a few hours. I probably wouldn't make 3500 for the year honestly. It's my only income but I do file jointly as my husband works a regular job. We make less than 25000 a year with his income. Not sure that counts or not. He is a w2 earner so his taxes come out of his check. I guess I don't understand why these taxes can't be added or taken when we file at the end of the year for this to be easier. I obviously understand I have to pay taxes but why the quarterly stuff if I'm not really making that much. 

[DawnC]

You probably don't need to pay the estimated taxes.   You can have your husband give his employer an updated W-4 form to have a little more withholding taken out to cover your taxes that are not being withheld.   

If at filing time, you have not paid enough income taxes through withholding or quarterly estimated payments, you may have to pay a penalty for underpayment.

You may see vouchers print out if you're self-employed this year.  You're not required to make estimated tax payments.  If you feel they're not needed for next year's taxes, you can shred them.

Related Information:

• Do I need to make estimated tax payments to the IRS?