nyc freelance question
nyc freelance question
Out of context: Reply #9
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- tkmeister0
most of big agencies i worked for paid me in W2. so i had most of taxes taken out. and all the rest of income i got from 1099 was written off with expenses.
when i was getting mostly 1099, i did put aside about 30-40%. you'll get a lot of it back after write off. you still have to pay quarterly estimate tax though. so don't wait till April 15th and get hit with a penalty.