W-4 Section 2

Forum|Forum|6 years ago
January 21, 2020
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I am partially employed and partially self employed ( filling out 1099's).

Are my self employment jobs considered jobs when it comes to tax purposes and do I count them on my W-4?

MinhT1

Level 15

If you have self-employment income, then you have a source of income which is additional to the job for which you are filling form W-4. Therefore, you should say that you have another job so that your tax withholdings are sufficient.

However, please note that your tax withholdings do not cover the tax due on your self-employment income and you should consider paying estimated taxes.

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jose34Author

Level 2

Ok so a 2020 w-4 that I am filling out now, how I am supposed to know how much self employment I will make how should I estimate it?

MinhT1

Level 15

Please follow the instructions for form W-4 that you'll find here to complete your form W-4. Consider your self-employment income as a second job.

As for your estimated taxes, you'll have to estimate your self-employment income to determine the amount of estimated taxes that you need to pay. The estimation should be based on income and expenses that you expect for the coming year. You can read this TurboTax article for more information.

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