I have W-2 and freelance income. What do I owe quarterly?

Enough to reach a safe harbor: generally 100% of last year's tax (110% at higher incomes) or 90% of this year's, paid through withholding and estimates combined. The simplest fix is often increasing withholding at the W-2 job to cover the freelance liability, which avoids quarterly filings entirely and is treated as paid evenly across the year.

We're unmarried and share a home. What should we put in place?

Wills, healthcare powers of attorney with HIPAA authorizations, durable financial powers of attorney, and beneficiary designations that name each other. Without them, Illinois law gives an unmarried partner nothing — not the assets, and not the authority to make medical decisions. A written agreement covering contributions to the property and what happens if you separate is worth adding.

Do we have to live in Logan Square to work with Aequitas?

No. Aequitas is fee-only and virtual-first — we work with LGBTQ+ households in Logan Square the same way we work with clients across Chicago and the rest of the US. This page is written for the Logan Square demographic, not as a residency requirement.

Is there a minimum account size?

No asset minimum. Engagements are priced based on planning complexity, not portfolio size, so we can work with LGBTQ+ high earners still building wealth — not just clients who already have it.

What happens on the intro call?

Twenty minutes, video or phone. We ask what you're actually trying to figure out, share how Aequitas would approach it, and decide together whether an engagement makes sense. No pressure, no product pitch.

LGBTQ+ couple in Logan Square, Chicago reviewing their financial plan

Chicago · Logan Square

LGBTQ+ financial planning for Logan Square

1099 income, a 2-flat you're renovating, and a partner with a W-2. The plan has to hold all three at once.

Schedule a free intro call 20 minutes · video or phone · no product pitch

Quick answer

Is there a financial advisor for LGBTQ+ households in Logan Square?

Yes. Aequitas Financial is a fee-only fiduciary practice serving LGBTQ+ professionals, couples, and families in Logan Square and across Chicago. Meetings are virtual, there is no asset minimum or commission, and plans are built around IL tax, titling, and chosen-family protections.

Source: CFP Board — Code of Ethics & Standards of Conduct

Who this is for

Built for Logan Square LGBTQ+ households

Logan Square on the Northwest Side hosts a growing LGBTQ+ community — creative and tech freelancers, dual-income households, and a strong small-business scene.

S-corp question has been open too long.
First-home math against your 2-flat is unclear.
You and your partner haven't formalized and no one has done the tax math.
Cook County property-tax bill is over-assessed.

On the ground

Logan Square: creative work, first assets, first documents

Logan Square's LGBTQ+ households lean younger and more creative — designers, developers, restaurant and shop owners, nonprofit staff, and a lot of hybrid W-2 and 1099 income. The financial questions are foundational: how to handle self-employment tax, whether to buy in a neighborhood that has appreciated hard, and how to invest when income is uneven.

For mixed income, the mechanics matter: quarterly estimated payments, a solo 401(k) alongside a workplace plan (with combined limits calculated so you don't over-contribute), and tracking deductions in real time rather than reconstructing them in March. For buying, we work the payment from your goals backward rather than from the pre-approval down. And the documents — will, healthcare power of attorney, beneficiaries — cost little and matter disproportionately, especially for unmarried couples who share a lease, a mortgage, or a pet.

How we help Logan Square households

1099 + W-2 hybrid tax planning

S-corp vs. sole prop, quarterly estimates, solo 401(k) + SEP-IRA choice, and PTE elections handled proactively — so April isn't a scramble and next year's plan is already in motion.

First-home cash-flow reality check

Down payment source (RSU sale? gift? savings?), monthly payment stress-tested against a rate rise, and honest closing costs — before an agent talks you into stretching.

Cook County property-tax appeals

Cook County–style over-assessment is common. We run the appeal cadence and coordinate with a local attorney when the math warrants it — often meaningful dollars back over a decade of ownership.

Next step

Go deeper, or just talk to us

Skim the broader context if you want more before reaching out — or book the call and we'll cover it live.

LGBTQ+ financial advisor in Chicago

The city-wide overview: how Aequitas works with Chicago LGBTQ+ households across cash flow, tax, investing, and estate.

LGBTQ+ tax & cost-of-living guide: Chicago

State income tax, property tax, estate tax, and LGBTQ+ planning overlays specific to Chicago.

Schedule Your Intro Call

FAQ

Logan Square planning FAQs

This page is part of our wider guide to LGBTQ+ financial planning — how fee-only, fiduciary planning works for queer households, and which topic to start with.

Ready to talk through your plan?

On a free intro call we'll walk through where you are, what you're trying to figure out, and whether an engagement makes sense — no pressure.

Schedule Your Intro Call