Estimated taxes for Married Filing Joing with W2 and 1099

Forum|Forum|5 years ago
March 25, 2021
1 reply
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Hello,

My spouse and I both work I receive a W2 and my spouse receives a 1099. I typically track our income during the year and have a good idea of our total tax burden. If, based on our total tax situation and only my witholdings, we expect to meet our overall tax burden, does my spouse need to pay estimated taxes? If not, are we required to file any sort of form proving such?

Hal_Al

Employee

Q. Does my spouse need to pay estimated taxes?

A. No. You are allowed to do what you are doing: withholding enough from your pay to cover both of you.

Q. If not, are we required to file any sort of form proving such?

A. No. As long as the numbres work out, you're Ok

mg87Author

What about the self emplyment tax (SS/Medicare) implications? Would we still need to pay that amount?

Irene2805

The self-employment taxes are taken into consideration on the estimated tax calculation in TurboTax. To review your estimated payment calculation for 2021 please follow these steps:

In your return, click Federal Taxes > Other Tax Situations.
In the Other Tax Forms section click the Start/Update box next to Form W-4 and estimated taxes.
On the screen, Adjust How Much Tax You Pay, click the No box.
On the Review Your Estimates screen, click the Review Now box.
You can continue through the screens and review your entries.