Taxes1991
Returning Member

Quarterly Payments + Savings

Hi! I just recently started adding income as a freelancer. It's been just a couple of months and I just found out about quarterly tax payments. Would I need to do that solely based on adding income or does it go by $ amount of other factors? I'm estimated to have made a net profit of $500 a month. Also what's the best way to save and how much should i be witholding for taxes in Illinois.