Will I need to pay estimated quarterly taxes for 2018?

[rmoore4923]

My wife and I file jointly, and will receive approximately $30,000 in Social Security Retirement benefits between us for 2018. I also have a home business and expect to net around $12,000 for 2018. What estimated quarterly taxes should I pay this year, if any?

[Hal_Al · Accepted solution]

You need to pay about $400 per quarter.

You will not owe any income tax, at all. But will have about $1600 in self employment (social security and medicare) tax.