Taxpayers with self-employment income who also have Form W-2 wage income from employment may be able to avoid making estimated tax payments by filing a Form W-4 and increasing the amount of their withholding.

Question

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Taxpayers can increase their withholding on Form W-4 to cover both their wage income and self-employment income, thereby avoiding the need to make estimated tax payments throughout the year.

Taxpayers with Self-Employment Income Who Also Have Form W-2 Wage