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Quarterly Taxes for Freelancers: Don't Get Caught

Estimated payments, safe harbor rules, and how to set aside cash.

Quarterly Taxes for Freelancers

The IRS expects estimated payments four times a year. Miss them and you owe penalties.

Pay at least 100% of last year's tax (110% if AGI > $150k) and you avoid penalties even if you under-withhold.

Open a separate savings account. Move 30% of every client payment into it the day it lands.