Quote:
Originally Posted by ScarletPimpernel
Ugh! I hate taxes! We owe $5k because H is a 1099. If he doesn't find a w2 job this year, we could be looking at upwatds of $15k for next year. Luckily, we can afford this year by doing payments, but next year...
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You may need to be doing quarterly estimated payments if he stays on that next year. As a freelancer, I need to do those because the main places I work for don't take taxes out (even though H has a salaried job).