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

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This is true. By increasing the amount of withholding on their W-4 form, employees can have more taxes taken out of their paycheck, potentially avoiding the need to make estimated tax payments. However, it is important for individuals to consult with a tax professional to determine the appropriate amount of withholding to avoid underpayment penalties.

Employees with Self-Employment Income Who Also Have W-2 Wage Income