Skip to main content
August 28, 2024
Question

Do I need to do Self Employed Quarterly filing?

  • August 28, 2024
  • 1 reply
  • 0 views

Do I need to do Self Employed Quarterly filing if I only made $850 this year and will be going on maternity leave in a few weeks? This is a just a side job to get a little extra cash for our family. I won't be working at all for 3 months when I go on maternity leave and will only get about 60% of my paycheck from my full-time job while I am gone.

    1 reply

    Cindy4 12
    August 28, 2024

    Estimated payments are required if your tax liability at the end of the year is greater than $1,000.  

     

    Going forward, you may find these references helpful.  Do I need to pay estimated taxesIf I have to pay, how should I pay?

     

    Congratulations on the new baby!

    Cindy

     

    **Please say "Thanks" by clicking the thumbs up icon in a post***Mark the post that answers your question by clicking on the "Mark as Best Answer"