Hello Lg901,
Since you are now self employed you will want to consider making estimated tax payments every quarter, this will reduce your balance due at the end of the year and may also get you out of the penalty for not paying in enough taxes during the year.
Each quarter you should figure out your net profit (income-expenses) and send in the money to the IRS. You will need to pay 15.3% self employment tax plus regular taxes (10%-36% based on the tax bracket you will be in) on the net profit at the end of the year.
Here is a link to help you figure out how much your tax liability will be next year
https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
and here are a couple of links explaining estimated taxes and what and when to pay.
https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-how-to-determine-what-to-p...
https://turbotax.intuit.com/tax-tips/self-employment-taxes/tips-for-paying-estimated-taxes/L1nDU0sUs
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