Tax season is never over for us self-employed Baby Boomers. Four times a year we have to calculate and pony up estimated taxes, federal and state. But the silver lining in that is we have myriad deductions working stiffs don't. For example, usually the employee commute is not tax-deductible. For us, every mile we travel related to our business is. That includes driving to Staples to have my laptop get service from Easy Tech or to Phoenix, Arizona to pitch to a prospect.
Here is a useful piece from The Wall Street Journal on the financial payoffs of being our own boss.