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View Full Version : Tax questions

05-10-2015, 06:42 AM
I posted on the "business" board but I thought I'd throw it out here, too...

Just getting my independent contractor-dom set up and I'm really confused about how much to set aside for taxes. Can anyone point me in the right direction for how to figure this out. I have looked at all kinds of IRS info, google searches, etc. There's just so much info out there and it's a bit overwhelming.

Particularly, if anyone is here from the state of Virginia and knows what they're doing, I'd really appreciate the help! Feel free to PM me if you want.


05-10-2015, 10:09 AM
I use paycheckcity.com. Since you are self-employed be sure to take out double social security. I deposit the tax money into a savings account until tax time.

05-11-2015, 05:26 AM
That's a great idea. Why didn't I think of that? Thanks tripmom. :)