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When I worked as an IC - my tax preparer told me

Posted: Jul 25th, 2015 - 5:05 pm In Reply to: Another IC question - re computing real pay

to set aside 1/3 of all of my pay for taxes. The above poster is right about the write-offs, but still good to set some aside and not have a terrible surprise come tax time. I think some people even pay quarterly or monthly, so as not to have to write a check once a year. Talk to a tax person.

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