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Posts Tagged ‘estimated federal tax’

Should You Make Quarterly Tax Payments?

Estimated tax payments are not only for the self-employed. They are used to pay taxes on any income that is not subject to withholding. If you prefer ‘pay as you go’ over a once-a-year lump sum payment, you can pay taxes four times a year. Employees who have their taxes withheld from their paycheck may use estimated taxes if they have other income sources. Estimated tax is used ...