Full-time AND Freelance?
Full-time AND Freelance?
Out of context: Reply #1
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- epilI0
if you have enough in your bank to not pay quarterly, then do that, but estimate your taxes quarterly.. get an accountant who speacializes in creative people who freelance so you can write off with the best of them.
also in taking your taxes, you should tax yourself out weather you earn it or not, at 38%-40% meaning you will always be over taxing yourself, so come april 15th, you will always get money back, even without write offs..
the 40% tax bracket is for people who earn over 119K per year.. or better known as luxury tax.. otherwise tax out at 28.8%-32%.. and best of luck..
i freelance, fulltime.