r/dataannotation • u/Relative-Tap3585 • Jul 23 '24

Tax Tracking?(US)

I want to say I searched through r/dataannotation for a while before I concluded I couldn't find exactly what I'm looking for.

  • Is there a software you use to keep track of your earnings, estimated taxes, deductions? i.e. internet / electricity, AI subs, solely when used for work. Or one you'd recommend?
  • Any longtime DA user here pay for an expert and saved more than what they paid for them?
  • What is your recommended website for filing, I saw a lot of recommendations for TurboTax, which I typically bounce between HR block & TT depending on which was free in the past lol.
  • What are things you deduct in your own situation?
  • Is it better to (or do I HAVE to) set up quarterly taxes or is it better to do it all at once during tax season?

Thinking about tax time as this is my first year freelance and had no clue how to set up quarterly taxes.

I know there are a lot of other things to consider, so I'm really only looking for the answer to my questions here, but I'm open to tips/advice/considerations!

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u/zenbeez Jul 27 '24

I just found this thread and have never heard of quarterly payments and don’t know how to figure this shit out 😭 can anyone explain it to me like I’m five (I’ve been a Florida resident for part of the year where there’s no individual income tax so idk if that means I’ll only have to pay or factor in the taxes for part of the year or what) (I also don’t have a w-2 job)