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I am self employed and hence I need to pay estimated taxes. I payed Federal and State estimated taxes online. My question pertains to how do I pay the FICA taxes online

Forum|Forum|4 years ago
October 13, 2021
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I had no issues with paying state and federal estimated income taxes online. Can someone share the website to pay the estimated FICA taxes?

TurboTax Self Employed Online

Best answer by xmasbaby0

When you pay self-employment tax you are paying Social Security and Medicare for yourself since it is not being withheld by an employer. Your estimated tax is going for the SE tax as well as your ordinary income tax. When you prepare your actual tax return the amount for SS and Medicare will be calculated and it will go to where it is supposed to go-- for SS and Medicare.

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

X

xmasbaby0Answer

Employee

When you pay self-employment tax you are paying Social Security and Medicare for yourself since it is not being withheld by an employer. Your estimated tax is going for the SE tax as well as your ordinary income tax. When you prepare your actual tax return the amount for SS and Medicare will be calculated and it will go to where it is supposed to go-- for SS and Medicare.

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

**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.**

R

rahulnallappaAuthor

Thanks for your prompt and expert advice

VolvoGirl

Employee

The Estimated payments ARE to cover the SE tax. That is FICA.

The SE Tax is to pay the FICA (Social Security & Medicare) that was not taken out like on your W2 wages. You pay both the employer and employee parts.

You are paying 15.3% for……

SS for employer 6.2%

SS for employee 6.2%

Medicare for employer 1.45%

Medicare for employee 1.45%

The 15.3% SE self employment Tax is in addition to the income tax on all your income.