Freelancer Tax Setup Checklist One-page routine

Use this checklist to set a realistic reserve system, keep due dates visible, and avoid rushed quarterly tax decisions.

Weekly (10 minutes)

Review paid invoices and recent income deposits.
Transfer your reserve percentage into a dedicated tax account.
Note unusual income spikes that may require a higher reserve rate.

Monthly (20 minutes)

Update projected annual net income and deduction assumptions.
Re-run the Quarterly Tax Calculator with baseline and conservative rates.
If you also have W-2 income, re-check net pay assumptions in the Paycheck Tax Calculator.

Quarterly (30 minutes)

Compare actual payments with your quarterly target and log the gap.
Adjust reserve percentage if you underpaid or if income changed materially.
Document next due date and set two reminders before that date.

Companion resources

Deep-dive workflows: 1099 Quarterly Tax Planning Guide and Paycheck Withholding Planning Guide.

Planning reminder

TaxKit helps with planning and does not file tax returns. Confirm filing details with official guidance or a qualified professional.