The time when being self employed stinks.....tax time.

[*michaelsean*]

(04-18-2016, 08:11 PM)fredtoast Wrote: 2015 was the first year i was entirely self employed.

I had made estimated tax payments throughout the year, but still ended up having to pay more when I filed my 2015 taxes.

In the past I adjusted my withholding to make sure that I did not get a large tax rebate, but it was always nice to get a few hundred dollars back even if it was my own money that I had already earned.  Even though I did not have to pay a lot ($455) it still sucks that I had to pay instead of getting a rebate.

Don't you have to pay both sides of social security too?  Do you do that with your estimated taxes?