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This App Will Help Freelancers Avoid Tax Penalties

Mobile banking app Qapital is adding the ability to routinely set aside part of your income for taxes.

Nobody enjoys filing taxes. But for freelancers and contractors, the process is even more complicated, in part because they can be required to pay estimated taxes on a quarterly basis, and face steep penalties if they miss those deadlines. For workers beholden to these rules, the last quarterly payday of 2015 is right around the corner—on Tuesday.

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