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Subject:  Re: Off Topic: First Freelance Writing Job Date:  12/8/2012  2:54 PM
Author:  Fuskie Number:  306504 of 310986

As a general rule, for freelance 1099 work, I just set aside 25% for tax purposes. The actual liability may be more or less depending on total income or deductions, but this puts you in the ballpark.

Who notes the more complicated calculation is figuring out your quarterly income tax prepayments if required...
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