How to Calculate Your Taxes

The expenses part is where you can get a lot more accurate with expenses, right? I mean, that's the sad truth of it, isn't it? Is your your expenses are much more fixed than yourah then your income. So number one thing to do when you're factoring in what your expenses are going to be is to at least try to estimate how much money is going to be taken out by taxes at the end of the year. You should probably pay estimated taxes, although they don't ask you to do that until you have that first huge tax bill.