Point Breeze Penguins wrote:For tax purposes I am considered a "independent contractor" and receive a 1099 instead of a W-2. I could pay my taxes quarterly but choose to pay at the end because between the Child Tax Credit and Earned Income Credit I end up with a refund.
no kid credit or EIC for me.
I know I'm gonna owe a ton because of being contracted for 6 months, guessing at least $7k. Thankfully I stashed away enough money and then some just in case.
I'm hoping that the 6 months of paying into the system offsets the damage a little.
It probably won't.