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If I'm self-employed and didn't pay estimated taxes, can I possibly get a refund?

It's possible to have a refund if you didn't pay estimated taxes. To have a refund, your deductions and credits must total more than your income tax liability.

You'd need to have both of these:

  • A combination of deductions and credits that reduce your tax liability to 0
  • One or more refundable credits to produce a refund

Refundable credits include:

  • Earned Income Credit (EIC)
  • Additional child tax credit
  • American Opportunity Credit
  • Lifetime Learning Credit
  • Alternative Minimum Tax (AMT) credit

However, if you're self-employed, you're still subject to self-employment tax. This goes toward Social Security and Medicare taxes.

Ready to file?

You've got your forms. And we've got your back. There's only one thing left to do. Let's do this.

Calculators

So how much will you get (or owe) this year? That’s the million-dollar question. We happen to have three very useful calculators to help you estimate your refund or balance due.

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