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Self employed
Hi @actax1 There are several tools available to help you determine how much you should pay quarterly.
General rule is you pay 15.3% Self employment tax plus Federal and State taxes (these figures are based on your tax bracket) on your business profit if you are a Sole proprietor, Single member LLC or a partnership.
Here is a helpful tool to determine what you could possibly owe at the end of the year.
https://turbotax.intuit.com/tax-tools/
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‎October 27, 2021
9:44 AM