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Money and Finances
Reply to "1099 income and taxes"
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[quote=Anonymous]My husband and I each work full-time jobs and have an HHI of 300k. Starting next year, I am taking on a side job as an independent contractor, likely for about 75k. I have never received a 1099 before. Can I just set aside about 1/3 for taxes and pay with my 1040 the following year? Or is it to my advantage to make estimated payments each quarter? If so, how do I calculate it?[/quote]
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