Young Adults · Taxes
Taxes 101 for young adults
W-2, 1099, withholding, and why a refund is not free money.
10 min read
Try this
You did $4,000 of freelance work this year and nothing was withheld. Roughly how much should you have set aside for taxes?
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About $1,000–1,200 (25–30% of $4,000). Better to over-set-aside than under.
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