Chapter 1 of 2
The Quarterly Tax Shock
Fran's first year freelancing, she owed $18,400 in taxes she had not saved for. Now she is building a system. She models her effective tax rate across different income scenarios and calculates the exact percentage to set aside from every invoice.
Key Insight
At $90k gross freelance income, Fran owes approximately 28% in combined federal, state, and self-employment taxes. Setting aside 30% of every payment and sweeping quarterly means she never faces a surprise bill again.
Model This Scenario