Carl
Level 15

Investors & landlords

I've always recommended a quarterly federal tax payment of at least 20% of one's gross earnings, for income received where taxes were not withheld by the payer.

For state taxes, I always recommend a percentage equal to whatever the highest rate your state taxes personal income at. At this time, the highest rate I'm aware of is something like 8.5%, but I don't recall which state. CA maybe? Or NY?