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> it takes maybe 15 minutes per year

It takes at least four times that per quarter, really. And especially if you're small enough to not be able to afford an accountant just yet.



The shortcut I always used was to take my effective tax rate from last year's return (i.e. total tax owed / gross income), multiply my self-employment income for the past quarter by that rate, maybe round it up somewhat, and pay that. It usually worked out to be close enough that I didn't owe any penalty for underpayment of estimated tax and it was much easier than using the IRS suggested calculation.




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