If I start doing 1099 work, can I pay tax as I go? Or do you have to do it each quarter? I don't anticipate much work but if I get any I dont want to have to sit on tax money any longer than I have to.
Yes, you can pay whenever you want. As long as payments are applied to the correct tax year and you pay enough by each quarters’ due date. Due dates are April 15th, June 15th, September 15th, and January 15th of the next year.
dont_touch_my_peepee on
you can pay estimated taxes quarterly. might want to do that to avoid a big bill later.
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Yes, you can pay whenever you want. As long as payments are applied to the correct tax year and you pay enough by each quarters’ due date. Due dates are April 15th, June 15th, September 15th, and January 15th of the next year.
you can pay estimated taxes quarterly. might want to do that to avoid a big bill later.