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Do self-employment taxes need to be paid quarterly or yearly?

April 26, 2017paid quarterly self-employment taxes

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Do self-employment taxes need to be paid quarterly or yearly?

3 Answers

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Self-employment tax is paid by making quarterly estimated tax payments which include both income tax and social security tax.

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If you are required to make estimated tax payments, self-employment tax is paid by making quarterly estimated tax payments which include both income tax and social security tax. References: Publication 334, Tax Guide for Small Business Publication 505, Tax Withholding and Estimated Tax (Text from IRS website.

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If you are required to make estimated tax payments, self-employment tax is paid by making quarterly estimated tax payments which include both income tax and social security tax.