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Author: Fuskie Big funky green star, 20000 posts Top Favorite Fools Old School Fool Ticker Guide SC1 Red Winner of the 2010 Rule Breakers Challenge Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308722  
Subject: Re: Off Topic: First Freelance Writing Job Date: 12/8/2012 2:54 PM
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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.

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