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I started working as a contractor for the past two months. I've been setting aside the taxes but don't know where to go from there. The schedule says quarterly so would I just pay for July and August? Thanks for your help.
AI accountant’s answer:

First of all, props for planning ahead on your taxes! You’re way ahead of the game.

Quarterly taxes are typically due on the 15th of the month following the end of the quarter.

You can pay the tax at any time during the quarter, but it won’t be considered “late” till after the 15th. Once you’re ready to pay, you can mail a check or use IRS Direct Pay! Check out our in-depth guide on how to pay quarterly taxes for more instructions.

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Answer

First of all, props for planning ahead on your taxes! You’re way ahead of the game.

Quarterly taxes are typically due on the 15th of the month following the end of the quarter.

You can pay the tax at any time during the quarter, but it won’t be considered “late” till after the 15th. Once you’re ready to pay, you can mail a check or use IRS Direct Pay! Check out our in-depth guide on how to pay quarterly taxes for more instructions.

No answer given yet!

Keeper Staff

Keeper is a delightfully smart tax filing software that's especially useful for people with 1099 contracting and freelance income. Our blog breaks down IRS guidance with real-world examples and analysis by tax professionals — empowering taxpayers to save money and take control of their finances.

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