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Get your taxes done using TurboTax
Hello,
Looks like Adamne beat me to responding but here is some helpful information that I found as well. Hope it helps!
First of all what an exciting new job! When taxes aren't withheld it's always a good idea to anticipate what you'll have to pay. If you have an idea of how much you'll make this year then you can use a tax calculator to help estimate your tax.
Here is a tax calculator for the state of California: https://webapp.ftb.ca.gov/taxcalc/?Submit=2020+Tax+Calculator&Lang=english&redirectURL=OTC
Here is a tax calculator for Federal tax rates: https://turbotax.intuit.com/tax-tips/self-employment-taxes/a-guide-to-self-employment-taxes/L8RSXVAW....
If you anticipate owing $1000 or more in Federal taxes then it is a good idea to pay estimated taxes and avoid penalties.
You also mentioned write-offs. Write offs are business expenses and they can vary greatly depending on the job. If you are considered a freelancer or a self employed individual then it's good practice to keep records and receipts for any "ordinary and necessary" expenses you have related to your business. That could include, but is not limited to equipment, insurance, a home office, vehicle expenses, bank fees, and advertising. When tax time comes the self employment section of TurboTax will guide you through the various expenses that you can claim. And the more expenses you have the lower the tax!
I wish you the best on your new job!
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