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I make 1000$ a week salary as a subcontractor, how much in taxes would I have to pay for the year
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This is a great question! The first step is to calculate your net income for the year. Net income is your gross pay minus any eligible business expenses. Once you have a good number to work with, plug it into Keeper Tax's 1099 tax tool, and voila! Your projected tax bill.

From there, I would break that amount into four quarterly amounts and begin submitting estimated tax payments to the IRS. Check out our guide on how to make estimated tax payments.

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Sarah York, EA

Sarah is a staff writer at Keeper Tax and has her Enrolled Agent license with the IRS. Her work has been featured in Business Insider, Money Under 30, Best Life, GOBankingRates, and Shopify. She has nearly a decade of public accounting experience, and has worked with clients in a wide range of industries, including oil and gas, manufacturing, real estate, wholesale and retail, finance, and ecommerce. Sarah has extensive experience offering strategic tax planning at the state and federal level. During her time in industry, she handled tax returns for C Corps, S corps, partnerships, nonprofits, and sole proprietorships. Sarah is a member of the National Association of Enrolled Agents (NAEA) and maintains her continuing education requirements by completing over 30 hours of tax training every year. In her spare time, she is a devoted cat mom and enjoys hiking, baking, and overwatering her houseplants.

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