I started a job a few weeks ago and I was wondering how do I know how much to pay on my taxes if I'm a subcontractor.

The contractor who got me on he said that I would get a 1099, but I just want to make sure I pay my taxes on time as this is my first time being a subcontractor.

  • Dupe of money.stackexchange.com/questions/19195/… . Assuming no payroll or other withholding, basically you estimate what your tax will be -- income plus "self-employment" (replaces FICA) -- and pay each quarter as defined by the tax system, which is slightly different than the normal calendar. You don't have to estimate exactly right; as long as you get within 10% and pay the remainder by the (unextended) filing deadline, there's no penalty. States have a similar procedure, except those with no income tax at all. Apr 28, 2015 at 13:23


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