For many of us, Tax Day comes but once a year. For others, taxes come due more often. Freelancers, small business owners and those earning over a certain amount from a side hustle are among those who ...
If you are self-employed or make money as an independent contractor or freelancer, April 15 isn't the only tax-related date you need to have on your calendar. You should be making tax payments four ...
Self-employment has a lot to recommend it. You get to set your own hours. There’s a direct correlation between your hustle and your paycheck. And, of course, you enjoy a warm relationship with your ...
The United States income tax system operates on a pay-as-you-go basis, with taxes due periodically throughout the year as you receive income, even though you file a tax return only once each year.
‍TLDR: If you're earning over $200,000 and have income beyond your regular paycheck—from stock options, restricted stock units, rental properties, side businesses, or investment gains—you likely need ...
One of my largest frustrations each tax season comes over being questioned regarding estimated tax payments. As a tax preparer it feels like we are questioned if we set them up for clients, but we are ...
The fourth-quarter estimated tax deadline for 2024 is Jan. 15, and missing a payment could trigger "unexpected penalties and fees" when filing your return, according to the IRS. Typically, estimated ...
Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over 35 years of diverse financial management experience. He is an expert on personal finance, corporate finance ...