If my employer does not deduct taxes from my paycheck how do I do it myself?

Question

I'm working as an independent contractor.

Answer 1

http://www.irs.gov/faqs/faq9-3.html
You will send in Estimated Quarterly Payments and this will leave you in better standing at tax time.

good luck & bless

Answer 2

If your an independent contractor I'm afraid you are the employer you sub-contract and that is up to you. But you asked a question that is quite simple you have to get a hold of some income tax tables depending what your contractual salary or wage is. I suggest writing to the government tax revenue or IRS or Revenue Canada to obtain these tables and they are quite easly to follow.

Answer 3

You use a form 1040ES to pay estimated taxes quarterly, including the 15.3% self-employment tax with the amount of income taxes you expect to owe on the money you made that quarter.

Answer 4

Check out the requirements for Estimated Tax, which is paid quarterly. The IRS web site has all the gory details.

Answer 5

Depending on how much you expect to owe, you would make monthly or quarterly estimated tax payments. You can get the informaton and forms you need at www.irs.gov.

Answer 6

you pay estimated taxes quarterly.....the amount is 15.3% for ss and mci and depending on how much you make (whatever your tax bracket is) determines how much for federal withholding...this is done on form 1040es
here is the link for the form and where to mail...also will tell you how much you should be paying in
http://www.irs.gov/pub/irs-pdf/f1040es.pdf