Question

Independent contractor

Forum|Forum|3 years ago
August 31, 2022
1 reply
0 views

Will I need to make estimated tax payments this year if I only have about $3500 income from self employment? And can I still take the standard deduction when filing my return?

E

EricE_CPA

Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.

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