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Estimated tax is a tax payment made four times a year based on your reported income for the quarter. Small business owners, freelancers, and independent contractors are the most likely to be required to pay taxes quarterly because they do not have taxes deducted from their paychecks in the same way that regular employees do. Taxes can be estimated for any taxable income that isn't subject to withholding. Earned income, dividend income, rental income, interest income, and capital gains are all examples of this.
Introduction: How to calculate and pay your quarterly estimated taxes
Who is required to pay estimated taxes
Who is not required to pay estimated taxes
How to calculate your quarterly estimated tax payments
How to set aside quarterly estimated taxes monthly
Quarterly estimated tax due dates
How to pay your estimated taxes
What happens if I don’t pay my estimated taxes?
Don’t forget your state estimated taxes
A Live Demo Showing How To Use The Calculator