If you have enough pre-paid to cover your entire year's income, you should be fine.
Congratulations on your move to independent contractor! We have some great tools available for estimating taxes due when working independently. Determine what to pay and when and how to make estimated payments.
You always want to keep in mind that your income tax liability will be based on your profit and you are responsible for both FICA- Social Security and Medicare - at a rate of 15.3% AND your income tax, which is based on your marginal rate.
Hope this helps!
Cindy
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