Question when filing 1040es
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Question when filing 1040es
I am trying to figure out my estimated tax payment that is due on January 15th. I became self employed in June of this year, I paid the September estimated tax payment, however, this time I am trying to make sure that I pay the lowest amount required. Last time I did a quick self employment tax calculation and paid that amount.
My husband has been employed this year and has had taxes taken out of his checks, only I have to make estimated payments. On the form 1040es there is a line to subtract your eic from your taxes due if I do that, the eic is more than taxes due so the result is 0 dollars in due taxes.
My husband and I plan to file jointly for our return this year.. I just want to make sure I can use the standard deduction and eic that I figured based on us filing jointly on my estimated taxes.
My husband has been employed this year and has had taxes taken out of his checks, only I have to make estimated payments. On the form 1040es there is a line to subtract your eic from your taxes due if I do that, the eic is more than taxes due so the result is 0 dollars in due taxes.
My husband and I plan to file jointly for our return this year.. I just want to make sure I can use the standard deduction and eic that I figured based on us filing jointly on my estimated taxes.
abennett05- Posts : 1
Join date : 2011-12-28
Minimum estimated tax payment
I would suggest paying only the amount of self-employment tax that will be due on your net earnings for this quarter. That rate is 15.3%.
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