re: Independent Contractor Taxes Self-Employment HALP VIEW POST

re: Pay that amount quarterly to the IRS. How would that work, Iā€™m only familiar with yearly exchanges with the IRS.

There's a quarterly estimated tax payment form. This is required if you are going to end up owing over about $1k by the end of the year.

Estimated tax payments are required based on the total amount of tax owed at the end of the year, not based on a particular source of income. Meaning, if the OP has excess tax withheld from previous/concurrent jobs, these quarterly payments might not be necessary.

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