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Hi all,
This sub popped up on my feed today and I have a question that I haven't been able to get this answered through google and the "tax expert" I've asked didn't give me a solid answer.
I started a pet sitting sole prop at the end of last year. And only had one client, which I was paid a little over 1k for.
I am trying to figure out the tax percent I need to set aside for my estimated taxs and I am not getting a strange answer.
I've been told to put 25% of my earnings aside each quarter, but that seems really high to me. I've also ready that I should put 15.3% aside from each client for state taxes, but I've also seen 12% and 6.25%
So I am hoping someone from here would be nice enough to give me an answer so I can send off my payment for last quarter and put what I can aside for the current quarter. I did search the sub, but I didn't seen another post similar to this question, so I apologize if it's been asked already.
Thanks!
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- 9 months ago
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