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> Rather than filing quarterly taxes, I've simply bumped up the amount of withholding from my regular day job. So you overpay on the ~25% self-employment tax a
by tedmiston 10y ago
> Rather than filing quarterly taxes, I've simply bumped up the amount of withholding from my regular day job.
So you overpay on the ~25% self-employment tax and balance everything out when you file your taxes?
- analog31 10y agoYes. My target is to put in enough so my refund / payment is as close to zero as practical, without the risk of having to pay a penalty. I've been able to nail it reasonably well, all things considered.