Solved
As an Uber Driver in the state of Virginia, how percentage should I set aside for tax season?
I want to take out the right amount of taxes each pay period, so that I do not have to owe money in taxes. I will claim as a sole proprietor.
Since your self employment taxes will run you a little under 15%, you will probably cover yourself by setting aside at least 25% of your earnings.
Self employment taxes are the equivalent of Social Security and Medicare withholding on a W-2.
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