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Tax Strategy for 1099 Income

Bogleheads • View forum - Personal Finance (Not Investing) - www.bogleheads.org
I have a W2 gig where I make around $180K/yr and I recently landed a consulting gig that is netting me an additional $7500 per month in 1099 income. Because of the nature of my consulting, my expenses are next to nothing.

How much should I be prepared to spend in taxes on the $7500/month (it's safe to assume the gig will last through the year at least)? Are there any other strategies could I employ to minimize my tax bill?


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