But another important consideration are the tax benefits. You use pre-tax dollars to pay for the health insurance through your employer and use after-tax dollars when you buy the insurance through the exchange.So can you deduct the costs you pay for health insurance premiums? As is the case with most tax questions, the short answer is it depends.ou use pre-tax dollars to pay for the health insurance through your employer and use after-tax dollars when you buy the insurance through the exchange.
When you pay yourself first, you ensure the specified amount of money you want to save really does make it into your savings account or investment, since it happens before you have the opportunity to use the money for something else.
Generally, if you owe more than $1,000 at the end of the year, the IRS will penalize. That means that if you expect that you will owe more than $1,000 in taxes on your self-employment income, you should pay quarterly estimated taxes to avoid the penalty.Note, too, that the IRS keeps track of when you pay, and when you should have paid.alculate Your Estimated Taxes. When you pay your quarterly estimated taxes, you are supposed to pay for the money you earned each quarter. So, when you make your quarterly payment on April 15, you are paying on the income you had from January 1 to March 31 of that year.