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September 1, 2021
Question

Do I need to file my quarterly taxes on September 15th if I started working the end of July? How Do I do this?

  • September 1, 2021
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Can I file my quarterly taxes on Turbo tax?

1 reply

September 1, 2021

If you gave to pay estimated taxes, your first payment is due on September 15.

Start by reading this TurboTax article. 

Self-Employment Taxes

If you are new to being self-employed, I would highly recommend you use Intuit Qucikbooks.  Once you connect it to your bank accounts and credit cards, it tracks your income and expenses and keeps you informed of the amount of estimated taxes that it recommends you pay for each quarter.

 

You will owe taxes if your income from self-employment is higher than $400.  Here is how to avoid any penalty:  

Estimated Tax Penalty Explained