Self-employed and employed

Forum|Forum|1 year ago
January 10, 2025
2 replies
0 views

I have a regular job, teaching college part-time; I'm also a freelance writer. Thus far, every year I've received a refund on both state (CA) and federal taxes, but since I'll be earning a bit more with my freelancing in 2025, I'm wondering if I should be making quarterly tax payments. How do I determine if I should be doing this?

Not A Product Question

Best answer by xmasbaby0

https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-

calculator-2021-2022-50907/

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

If you live in a state with a state income tax, you might need to make estimated payments to your state.

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

xmasbaby0Answer

Employee

https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-

calculator-2021-2022-50907/

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

If you live in a state with a state income tax, you might need to make estimated payments to your state.

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

**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.**

Mike9241

if you don't mind owing, but without penalties, when you file your 2025 in 2026return here are the federal safe harbor rules

There will be no federal penalties in 2025 for not paying enough in taxes during the year if withholding and

timely estimated tax payments equal or exceed 90% of your 2025 tax or
timely estimated tax payments equal or exceed 100% of your 2024 tax (110% if your 2024 adjusted gross income was more than $150K) or
the balance due after subtracting taxes withheld from 90% of your 2025 tax is less than $1,000 or
your total taxes are less than $1,000

read sections B and C. note that those affected by the CA wildfires probably have a different requirement

https://www.ftb.ca.gov/forms/2025/2025-540-es-instructions.pdf