I am considering taking a freelance job. The paychecks would come directly from the company based on hours worked for the pay period. Do I have the option of asking them to take taxes out of each check or will I be responsible for paying the taxes back at the end of the year as an independent contractor? Thanks.
United States - 2 Answers
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1 :
You have to pay the estimated taxes to the federal and state governments quarterly.
2 :
You will be responsible for the taxes. Pay estimates quarterly and don't forget SE tax (15.3%) and income tax
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