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-   -   Quarterly Taxes (https://www.daycare.com/forum/showthread.php?t=88614)

Unregistered 02-15-2018 06:29 PM

Quarterly Taxes
 
Do home daycares have to do quarterly taxes?

Unregistered 02-15-2018 06:32 PM

OP here, forgot to add that I am married and we file jointly.

hwichlaz 02-16-2018 07:18 AM

only if you expect to owe money

TomCopeland 02-16-2018 03:35 PM

Estimated taxes
 

Originally Posted by Unregistered:
Do home daycares have to do quarterly taxes?

Your family must pay in at least 90% of what you owe each quarter of the year to avoid a penalty. If your husband withholds enough to cover your taxes, then you don't have to file quarterly estimated taxes. If you get a refund or owe less than 10% of your taxes come tax time, then you don't need to file quarterly estimated taxes.


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