Question

Can TurboTax Help with estimating and paying my estimated taxes for 2020 if I am a new contractor this year?

Forum|Forum|5 years ago
December 5, 2020
1 reply
0 views

I was a W-2 employee for 2019.

Employee

You mean you have been an independent contractor for all of 2020----and now in December you are asking how to pay 2020 estimated tax? You are a bit late to be asking that--depending on how much you made in 2020. You should have looked into that much earlier in 2020.

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax
How do I report income from self-employment?

https://turbotax.intuit.com/personal-taxes/self-employment-taxes/

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

X

xmasbaby0

Employee

When are federal estimated taxes for individual returns due?

SOLVED•by TurboTax•703•Updated 4 days ago

The deadlines for tax year 2021 quarterly payments are:

April 15, 2021
June 15, 2021
September 15, 2021
January 15, 2022

For tax year 2020, the dates were:

July 15, 2020 (formerly April 15)
July 15, 2020 (formerly June 15)
September 15, 2020
January 15, 2021

We automatically calculate quarterly estimated tax payments and prepare vouchers (Form 1040-ES) for you to print. Mail your payment along with the corresponding 1040-ES voucher to the IRS address listed on the voucher.

The postmark date is used to determine if the estimated tax payment is paid on time. Additional payment options are available at the IRS Payment website

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**