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1099quarterly taxOhioself-employed
//// Tax · Ohio

Ohio 1099 Quarterly Tax

SE income → SE tax + federal + Ohio progressive brackets → quarterly estimated payment.

Where this fits

This tool lives inside Tax Stack + Going 1099 and is most useful for freelancers.

401(k) Limit 2024$23,000
Roth IRA Limit$7,000
S&P 500 Avg Return~10%/yr

Income

Quarterly payment
$3,903
estimated
Annual tax
$15,611
SE + federal + state
Safe harbor
$3,000
prior year ÷ 4
Effective rate
23.3%
of net SE income

Tax breakdown

Self-employment tax$9,467
Federal income tax$5,540
Ohio state tax$605
Total annual$15,611
Per quarter$3,903
Per month (set aside)$1,301
1

Net self-employment income

netSE = gross − expenses

= $82,000 − $15,000

= $67,000

2

Self-employment tax (Schedule SE)

SE base = netSE × 92.35%; SE tax = base × 15.3%

= $9,467

SE tax = Social Security (12.4%) + Medicare (2.9%)

3

Adjusted gross income

AGI = netSE − (SE tax × 50%)

= $67,000 − $4,733

= $62,267

The 50% SE deduction compensates for the employer half of FICA

4

Federal income tax

federal = brackets(AGI − standard deduction)

= brackets($62,267 − $14,600)

= $5,540

Taxable income: $47,667 · Standard deduction: $14,600

5

Ohio state tax

= $605

Ohio uses progressive brackets. Most filers in the 3.5% range.

6

Quarterly payment

quarterly = totalAnnualTax ÷ 4

= $15,611 ÷ 4

= $3,903

IRS Form 1040-ES due: April 15, June 15, September 15, January 15

Key insight

Ohio uses progressive brackets. Most filers in the 3.5% range. Pay quarterly by: April 15 (Q1), June 15 (Q2), September 15 (Q3), January 15 (Q4). Underpaying triggers a penalty (~8% annualized on the shortfall). When in doubt, pay the safe harbor amount.

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