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AnaC
August 28, 2024
Question

How do I pay quarterly?

  • August 28, 2024
  • 1 reply
  • 0 views

I work year around with a W2, but I also work year around and recieve a 1099. Where and how do I pay quarterly for my 1099? For the past 3 years I've been paying my 1099 taxes once a year at the same time as my W2.

 

    1 reply

    John-H2021
    John-H2021
    August 28, 2024

    Hello,

    You can pay your estimated taxes at the end of the year like you have been doing but you may have a penalty for not making them quarterly it depend on your balance due amount.

     

    Here is a good article that explains who should make estimated payments and how to make them.

    https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-how-to-determine-what-to-pay-and-when/L3OPIbJNw

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