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Estimated tax payments for LLC side hustle or increase withholdings for salaried income?
My husband and I both work full-time in salaried positions and file jointly. We also have rental income and another side job (self-employed LLC so no withholdings). The extra income is variable. Is it better to make quarterly estimated tax payments based on what the variable income was for that quarter, or should we just increase the withholdings on our salaried income so that we have a goal of owing less than $1000 when filing?
‎August 30, 2023
1:04 PM