What’s the Deal with Quarterly Estimated Taxes?
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Shared by Presentationally
on Sep 16, 2021
in Finance
Taxes can be excruciating, especially for freelancers since they don’t have an employer to withhold their taxes from every paycheck, thus, they have to make quarterly estimated tax payments. These taxes are used to pay- federal income tax, state...
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Taxes can be excruciating, especially for freelancers since they don’t have an employer to withhold their taxes from every paycheck, thus, they have to make quarterly estimated tax payments. These taxes are used to pay- federal income tax, state income tax, self-employment taxes, social security, and Medicaid/Medicare.