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Thread: Paying taxes quarterly?

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    Featured Member kandie_kitten's Avatar
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    Default Paying taxes quarterly?

    Does anyone pay taxes here quarterly for freelance or self-employment?

    I have my main job that I already pay taxes on, but I do a small amount of freelance-under $3,000 a year.

    I was told I need to pay my taxes quarterly for freelance work, but I don't have the slightest idea where to start.

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    Banned Melonie's Avatar
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    Default Re: Paying taxes quarterly?

    ^^^ if you are earning the majority of your money via a 'straight job' with taxes withheld from paychecks, the easiest way to 'pay' your quarterly estimated tax obligation on your freelance income is to increase the amount of automatic tax withholding taken out of your 'straight job' paychecks. This will save you the effort of having to file / pay quarterly estimated taxes separately.

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    Featured Member kandie_kitten's Avatar
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    Default Re: Paying taxes quarterly?

    That's a great idea. How do I do that? Just ask HR for my witholding form to update it?

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    Banned Melonie's Avatar
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    Default Re: Paying taxes quarterly?

    ^^^ yup ! I think the form you'll need to fill out is a W4

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