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December 4, 2022
Question

Do you figure Estimated Tax for the Self Employed using 110% of previous years income tax or Income tax and Self Employment tax combined?

  • December 4, 2022
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Howto compute Esimated Tax for Self Employed

1 reply

December 4, 2022

It is calculated on the total tax liability from the previous year so that includes self employment tax and regular income tax.