What is the name of your state? Florida
I calculated my estimated Tax after staying up most of Friday night to finish by the 16th. To my relief, I do not owe estimated taxes. Now the question, I calculated my estimated taxes. How come I am not paying a quarterly tax for being selfemployed? I thought the quarterly tax was to pay the Fed for Social Security and Medacare? Is this not what they take out when you W-2? I must be missing something. Don't get me wrong I do not mind not have to pay anything to the Fed. The IRS makes filling out taxes confusing and when you do not have to pay it is still confusing.
I calculated my estimated Tax after staying up most of Friday night to finish by the 16th. To my relief, I do not owe estimated taxes. Now the question, I calculated my estimated taxes. How come I am not paying a quarterly tax for being selfemployed? I thought the quarterly tax was to pay the Fed for Social Security and Medacare? Is this not what they take out when you W-2? I must be missing something. Don't get me wrong I do not mind not have to pay anything to the Fed. The IRS makes filling out taxes confusing and when you do not have to pay it is still confusing.