Most people don’t spend a lot of time during the year thinking about their tax payments because their employer simply withholds those payments from their paychecks. If you’re among the nearly 15 million self-employed people in the United States, however, you will likely have to submit your own estimated tax payments throughout the year.
How much does it cost to raise a child? You may already be aware that it’s a lot, especially as you spend money each day on things such as day care, extracurricular activities, and new clothes for growing kids. But you may be surprised to learn that the average middle-income couple will spend just over $245,000 to raise a child born in 2013 to age 18.