Just realized I was overcomplicating my quarterly tax payments

I started setting aside 30% from every single payment into a separate account, and for the first time I had the cash ready in April. Anyone else use this simple bucket system?

3 comments

3 Comments

dakotag267d ago

That 30 percent rule is basically what saved me from tax panic last year.

ben_fisher7d ago

My tax guy swears by setting aside 35% for freelancers.

shane1657d ago

It's funny how the best fixes are usually the simplest ones... we just get in our own way.