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    Moonhead's Avatar
    Moonhead Posts: 2, Reputation: 1
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    #1

    Jul 8, 2007, 02:47 PM
    FICA contributions
    My daughter is employed ss a contractor for a large US corp. She is currently 1099 status. Does she need to make quarterly FICA paymnets or for that matter quarterly state and federal contributions?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 9, 2007, 07:16 AM
    She maikes quarterly estimated tax payments using Form 1040-ES for the federal return and a state-equivalent form for whichever state in which she is living.

    The Form 1040-ES payment INCLUDES the self-employment tax payment (SE tax is the equivalent of FICA taxes; just TWICE as high).
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