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Do freelancers need to pay their taxes quarterly in NYC?


Most of the time, it benefits freelancers to pay their taxes quarterly, yes. If it’s a side thing and your income’s really low, then sometimes it doesn’t make sense to do it quarterly; it makes sense to wait until the end of the year. If you’re a full-time freelancer, if that’s your main source of income, it usually benefits you to pay your taxes quarterly, yes.