people who know taxes....got a question...
The internship that I am in right now pays me through untaxed stipends. The stipends will be taxed when I report them next year when I am doing my taxes. The stipend is in a pretty good lump, so I assuming so will the tax for it. Now, just so I don't get myself into trouble, is there any way to calculate based on last year's taxes, or my recent paystubs from the previous jobs, how much I should save up in preparation to pay the IRS when time comes?
For example, can I determine a percentage of my previous gross and taxes, then apply that percentage to the stipend?
spank ya :hugglez:
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