My question involves employment and labor law for the state of: OHIO
Hi
I am on w2 for 1st of half of this year. I would reach Social security contribution limit for this year soon. I am getting another job where I may go into 1099 or c2c for rest of year and even longer hopefully. This would be my 1st time on 1099. I understand that i need to make estimated tax payments quarterly on 1099. I guess some tax software would help me to figure that out.(Any, any suggestions for 1st timer 1099, very ,much appreciate!!).
My quesion is, do I need to pay social security tax after going into 1099? I am sure my excess ss contribution would be ok, as it can get adjusted in tax return, but not sure about double contribution would get refunded(employee+employer 15% odd).. Any idea if I have to make double ss tax payment or I dont need to as I reached contribution limit
Thank you
Jigra

