estimated tax Antonyms

No Synonyms and anytonyms found

Meaning of estimated tax

Wordnet

estimated tax (n)

income tax paid periodically on income that is not subject to withholding taxes; based on the taxpayer's predicted tax liability

estimated tax Sentence Examples

  1. Our estimated tax preparation services are designed to help you accurately calculate and pay your required taxes.
  2. Filing your estimated tax payments on time is essential to avoid penalties and interest charges.
  3. Estimated tax payments are required for both individual and business taxpayers who exceed certain income thresholds.
  4. The amount of estimated tax you owe is based on your expected taxable income for the year.
  5. You can use Form 1040-ES, Estimated Tax for Individuals, to calculate your estimated tax payments.
  6. Estimated tax payments can be made online, by mail, or through a participating financial institution.
  7. You should make estimated tax payments in four equal installments throughout the year.
  8. If you fail to make your estimated tax payments on time, you may be subject to a penalty of up to 10% of the tax you owe.
  9. Estimated tax payments can be used to cover both federal and state income taxes.
  10. By making estimated tax payments, you can help avoid a large tax bill at the end of the year.

FAQs About the word estimated tax

income tax paid periodically on income that is not subject to withholding taxes; based on the taxpayer's predicted tax liability

No synonyms found.

No antonyms found.

Our estimated tax preparation services are designed to help you accurately calculate and pay your required taxes.

Filing your estimated tax payments on time is essential to avoid penalties and interest charges.

Estimated tax payments are required for both individual and business taxpayers who exceed certain income thresholds.

The amount of estimated tax you owe is based on your expected taxable income for the year.