Blog Post
AlStrauss-4f7e5
8 years agoCommunity Member
When I worked freelance, I always put aside a part of every check to pay my estimated state and federal taxes, By doing so right upfront, I had that money separated from my other funds so I was covered, no matter what and avoided "sticker shock" at payment time. I put 28% aside for federal taxes and 7% for state taxes, which was a tad high but within my comfort zone.
- TrinaRimmer8 years agoFormer StaffA very smart idea, Al. Thanks for reading, commenting, and sharing that tip with us.