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Glossary

Estimated Taxes

Quarterly tax payments for income without withholding.

People who don't have enough tax withheld — freelancers, contractors, and the self-employed — must pay estimated taxes each quarter, covering both income tax and self-employment tax.

Payments are generally due in April, June, September, and January; underpaying can trigger a penalty.

Put it into practiceTry the Estimated Tax Calculator (Quarterly, 1099)Run your own numbers in seconds — free and private.

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