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Susie02
Returning Member

First year self-employed

This is my first year fully self-employed. I have not paid any estimated taxes or quarterlies this year. Should have I been filing and paying? What about FICA and Medicare? When and how do those get paid?

3 Replies
Michele_H
Employee Tax Expert

First year self-employed

Hi @Susie02 you may want to estimate your taxable income for the year to see if you need to make a payment.

Turbo Tax has a couple calculators that can help you achieve this, here is the link for this.

https://turbotax.intuit.com/tax-tools/

Here is a link to show you where to pay the estimates at.

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-make-estimated-tax-payments/00/25875

 

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no help
Returning Member

First year self-employed

WEBINAR was very difficult to ask questions, see areas of concern ... WHY DIDN'T TURBO HAVE LIVE EVENT LIKE THEY PURPORTED???

macuser_22
Level 15

First year self-employed

They did for most of today.  I think it ended at 4 or 5 PM Pacific time.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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