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April 14, 2024
Question

When estimating quarterly taxes in Quickbooks Self-Employed, do I enter my projected W2 income or just my year to date W2 income?

  • April 14, 2024
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1 reply

April 14, 2024

Thank you for choosing QuickBooks Self-Employed (QBSE) as your accounting software. I'll be happy to help you determine whether to enter your projected or year-to-date W2 income when estimating quarterly taxes.

 

Before submitting your estimated taxes in QuickBooks Self-Employed (QBSE), we'll have to enter your projected W-2 income in your Tax Profile. Also, you may need to edit your income and deductions to date if needed in the Projections tab.

 

If you're unsure what amounts you'll have to enter into the system, it's best to consult with your accountant, for your accountant can provide more expert advice in dealing with this concern.

 

If you need to review or update your tax profile, please refer to this article: Review your tax profile in QuickBooks Solopreneur and QuickBooks Self-Employed.

 

Furthermore, you can check out these helpful articles to help guide you in filing 1099 and W-2: 

 

Let me know if you have further queries about what to enter when estimating quarterly taxes or QuickBooks. Keep safe.