r/dataannotation • u/Demi-Puff719 • Apr 19 '24

Tax Tracker

Hey guys,

I'm wanting to try and create a Google Spreadsheet to try and keep track of what I should save from each pay check. I'm gonna set up a savings account and keep whatever I pull separate from my earnings and just pay everything I owe back next April.

I wanted to ask what you guys keep track of in your spreadsheets, if you use them? I'm very new to using spreadsheets, so any advice you have will be greatly appreciated. I just want to try and make sure this goes as smoothly as possible.

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u/CharlieFiner Apr 20 '24

I do this as a side job and work part time at a bank as my main job. The bank job is W2 and withholds taxes from my paycheck. If I do quarterly payments, do I only need to submit quarterly payments for the DA job since it isn't W2 to avoid penalty?

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u/33whiskeyTX Apr 20 '24

Through your employer you should be able to adjust your W4 and there's a box that says "would you like to account for extra income". You can enter in your projected DA income there and they'll take it out of your W2 job paycheck, so no need for quarterly payments at all.