Estimated amount in taxes due to be paid in the coming year, short any tax credits.Corporations,...
(Federal) : Estimated tax payments must be made by individuals who expect to owe tax of $1,000 or more on their personal income tax return and who do not have at least 90% of the tax withheld by an employer. Sole proprietors, owners of limited liability companies, members of partnerships, and S corporation shareholders may need to pay estimated taxes. Payments are made four times a year on form 1040-ES, Estimated Tax for Individuals. For information, see Publication 505, Tax Withholding and Estimated Tax.
Tax to be paid quarterly on income that is not subject to withholding tax, including self-employed income, investment income, alimony, rent, and capital gains.
A tax amount, estimated by a taxpayer, which he expects to pay in total taxes for a financial year. Estimated tax amounts are usually paid every quarter through vouchers.
The required advance payment of a current liability that is not already being withheld for, such as investment income, capital gains, alimony, or rent.
Quarterly installments of tax liability not covered by withholding. Taxpayers generally must pay these “downpayments” on the year's taxes to the government on April 15, June 15, September 15, and January 15.
income tax paid periodically on income that is not subject to withholding taxes; based on the taxpayer's predicted tax liability
A method of paying tax that is not automatically withheld, such as taxes on investment earnings. Estimated tax obligations can include income from interest, dividends and capital gains. This tax is due once every three months.
What the taxpayer expects to owe in taxes over the course of the year, generally paid quarterly with vouchers.
The method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is low compared to your tax liability.
The anticipated amount of tax for the coming tax year that is based on the higher of regular or alternative minimum tax (AMT) minus any tax credits. Persons or entities, for whom an employer does not withhold a fixed percentage of income, need to calculate estimated tax and make quarterly payments. Total withholdings and estimated taxes paid must equal the prior year's actual tax or 90% of the estimated year's tax.
regular, estimated payments on income during the year.
The estimated amount of taxes that will be owed in the coming tax year. They are withheld on a quarterly basis and should be equivalent to 100% of last year's actual taxes or 90% of this year's estimated taxes. Self-employed individuals would want to use this system.
Quarterly down payments on a year's taxes that are required (on April 15, June 15, September 15, and January 15) if the total year's taxes will exceed $1,000 and the amount is not covered by withholding.
The amount of tax a taxpayer expects to owe for the year after subtracting expected amounts withheld and the amount of any expected credits.
Estimated tax payments you make to the IRS either on a quarterly basis or through regular payroll withholding.
Amount of tax LIABILITY a taxpayer may expect to pay for the current tax period. Usually paid through quarterly installments.
If you have income not subject to withholding, such as investment or self-employment income, you may have to make quarterly payments of the estimated amount needed to cover your expected tax liability for the year. You can be penalized if estimated payments, combined with withholding from wages, don't come within $1,000 of 90% of the tax owed. If you think you might be liable for the penalty, be sure to check out the exceptions to it.
