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xeon826
Returning Member

Turbo Tax Self-Employed doesn't have the option to file quarterly

After doing some research, it looks like if I'm doing Freelance work, I need to file taxes on a quarterly basis so I looked here  and I followed the "Start for free" link but after logging in, takes me to a screen that tells me about my previous tax return (2021) but does not give any option to file. Now being April 1st, I'd think we're around the end of the first quarter but the screen looks identical to if I was employed by a company and filing on an annual basis. 

 

I understand with freelancing there's both the quarterly taxes that are filed as well as annual, is Turbo tax Self-Employed only for the annual taxes that are filed? I had talked to support and they had recommended the Turbotax Home & Business software but I don't see the point of this page that outlines "TurboTax self-employed" if it's the same thing as standard Turbotax.

 

I looked around this forum and found a question similar to mine here  and it says TurboTax Self-Employed and Home & Business are the same thing, so my question is: if the page I referenced to earlier here just leads to the same TurboTax I've been using and Self Employed and Home & Business are the same thing then what's the difference between any of these? Do any of them give you the option to file on a quarterly basis?

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2 Replies
ee-ea
Level 15

Turbo Tax Self-Employed doesn't have the option to file quarterly

FangxiaL
Expert Alumni

Turbo Tax Self-Employed doesn't have the option to file quarterly

You don't file taxes on a quarterly basis. You make estimated tax payments on a quarterly basis. 

You cannot file 1040-ES using TurboTax. But you can prepare 1040-ES vouchers, print them out, and then mail your estimated payments to the address on the vouchers.   

 

Follow these steps to prepare your estimated payments vouchers based on your 2021 income:

  1. Open or continue your return
  2. In the search box, type 1040-es and hit the Enter key, select the Jump to 1040-es link at the top of the search results
  3. Select No to change your W-4 withholdings for 2022 if you don't wish to change it
  4. Select Prepare Now on the next screen that shows Estimated Taxes for 2022.

 

Mail your quarterly payments before the due dates:

  • 1st Quarter:          4/15/2022
  • 2nd Quarter:         6/15/2022
  • 3rd Quarter:          9/15/2022
  • 4th Quarter:           1/15/2023

 

 

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