Q&A: If I pay quarterly self employment taxes to the IRS, do I also need to pay them to my state?
These are useful and collceted by Anne!
Q&A: If I pay quarterly self employment taxes to the IRS, do I also need to pay them to my state?
I just started a freelance job and will therefore need to make self employment tax payments to the IRS. Will I also need to do this for my state? I live in California.
Thanks
ANSWER:
Answer by Doyle
If there is a state income tax in California, then I would say yes.
Answer by Max Hoopla
Self-employment tax replaces Social Security and Medicare taxes for self-employed people. It is not charged by the state. California will charge income tax on your business profit.
Answer by RUSerious
If California has a state income tax, it probably wouldn’t be a bad idea for you to make estimated tax payments to the state as well.
Answer by tro
yes
Answer by Judy
Yes.
Answer by StephenWeinstein
You need to make payments (four per year, but not quarterly; there are two in 2nd quarter and none in 4th quarter) to the IRS of both self-employment taxes and federal income taxes.
You need to make payments (four per year, but not quarterly; there are two in 2nd quarter and none in 4th quarter) to the state of CA of state income tax, but not self-employment tax.
So, the answer is technically no, you do not have to make “quarterly” payment of “self-employment tax” to CA. You do have to make four tax payments per year to CA, but the tax is not “self-employment tax” and the payments are not “quarterly”.
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