Self Employment Tax Help Please

[Shmuel K]

Hello, my wife is a 1099 employee and they don't take off anything from her salary. Do we pay quarterly self employment tax? Is there an EITC or any credits to deduct this tax? Do I fill out any quarterly forms or just pay the estimated self employment tax?

[Mordyk]

Hello, my wife is a 1099 employee and they don't take off anything from her salary. Do we pay quarterly self employment tax? Is there an EITC or any credits to deduct this tax? Do I fill out any quarterly forms or just pay the estimated self employment tax?

speak to your accountant. There are way more variables

[Shmuel K]

speak to your accountant. There are way more variables

I don't have one nor do I know if I can afford one and I think it has to paid if necessary by June 15

[Mordyk]

I don't have one nor do I know if I can afford one and I think it has to paid if necessary by June 15

Not being in complaint will cost you way more than an accountant

When you filed taxes last year did they demand you file quarterly taxes this year?

[Dan]

You need to make an estimated payment by June 17.
Speak to an accountant.

[gozalim]

Is that your primary income?

[Help]

Hello, my wife is a 1099 employee and they don't take off anything from her salary. Do we pay quarterly self employment tax? Is there an EITC or any credits to deduct this tax? Do I fill out any quarterly forms or just pay the estimated self employment tax?

what’s your wife’s net income (after expenses)?
What was your prior year tax liability?
How many kids do you have under 17?
Any other income besides this 1099?

Lots of variables.