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After you file
We paid estimated taxes. I didn't get as much work last year, as the year before, so we actually ended up "getting" a little refund. I just did the math calculating my total taxes vs gross income, because TurboTax only tells you your effective rate, and realized what we actually paid in taxes was double what the tax bracket rate was. I knew our taxes were going to be more because of the self employment tax, but I never realized it actually doubles how much we pay in taxes. Makes me wonder if it would be worth both of us converting to LLCs
‎April 12, 2023
6:10 PM