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tom_frazier2006
New Member

Just moved to a new state, Ohio. Also, have a new job that is a self employed 1099 type, will Turbo Tax do the quarterly taxes for me? I have never had this type of job.

 
2 Replies
Carl
Level 15

Just moved to a new state, Ohio. Also, have a new job that is a self employed 1099 type, will Turbo Tax do the quarterly taxes for me? I have never had this type of job.

TurboTax doesn't "do" quarterly taxes, and never has. But you can use the program to figure an estimate of your quarterly tax payments to both federal and state taxing authorities.

Generally, I have found that if I just send the IRS 20% of my gross business earnings each quarter, come tax filing time I'm fine. For state taxes, just send the state whatever the maximum tax rate is for that state each quarter. Then come tax filing time you'll still be fine.

Just understand that quarterly taxes are not "filed" per-se. They are paid. Federal quarterly taxes can be paid to the IRS each quarter at www.irs.gov/payments.

Information for Ohio state tax quarterly payments can be found at https://tax.ohio.gov/wps/portal/gov/tax/individual/resources/estimated-payments

Ohio also offers the option to pay online at https://tax.ohio.gov/wps/portal/gov/tax/individual/pay-online

 

tom_frazier2006
New Member

Just moved to a new state, Ohio. Also, have a new job that is a self employed 1099 type, will Turbo Tax do the quarterly taxes for me? I have never had this type of job.

You are a true teacher.  Thank you for the education on taxes.  You just saved me 100's of dollars. And maybe 1000's.  I have saved the links and am ready to do this!

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