I have started a job as an independent contractor about 6 weeks ago. By years end I will make around $1500. I know I am required to file taxes, but I am unsure as to how this will impact my next year. I was hoping not to have to pay estimated quarterly taxes so that I could determine what I could expect to make in a full year. How does a previous partial year change your requirements in regards to estimated tax?
Also, do safe harbor rules also apply to state taxes (South Carolina)?
Thank you!
