Gbadamosi abiola
The journey is the destination.
Member Since: 2 years ago
I got absolutely wrecked by not understanding how taxes work with freelance...
I got absolutely wrecked by not understanding how taxes work with freelance or side income. In my mid 20s I picked up a decent side gig doing graphic design for a small agency. Made about $8,000 extra that year. Felt like a genius buying nice stuff with that money. Then tax season hit and I owed almost $2,500 because no one was withholding for me. I had zero savings for it. Ended up on a payment plan with the IRS for two years. That lesson changed everything. Now I always set aside 30% of any s...
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