You need to set aside 15.3% for Self-Employment tax, and then an additional amount for income taxes. It looks like you expect to earn around $104,000 in 2020. Depending on your expenses, you could end up in the 12% or 22% brackets, but that won't be on every dollar you earn, because of the standard deduction.
Sometimes it can be hard to save large amounts like 37.3% of your pay. Be sure to transfer your taxes to a savings account before you start spending your checks.
Quarterly estimated payments are due April 15, June 15, September 15, and January 15 of the following year. (2021 for 2020.) You can make the payments online at www.irs.gov
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
