So all I have been doing is paying quarterly on my estimated gross income ($159,600) minus the standard deduction ($14,600). which brings it to $145,000.
Based on the 2024 filing status for single, the tax is $17,168.10 + 24% of anything over $100,525
Which brings it to $27,968 for the year. Does that mean my quarterly taxes should be $6,992?
I have not considered self-employment taxes yet in these calculations...
