Posts Tagged ‘quarterly tax payments’

Who Should Make Estimated Tax Payments

Those whose income is not subject to withholding need to make estimated tax payments. Income from self-employment, dividends, rent, interest, alimony, prizes and awards, and gains from the sale of assets are subject to estimated tax payments. Those whose income is being withheld are only required to pay estimated tax if their tax liability is more than the amount withheld from their wages. Estimated Tax Payment Limit Self-employed individuals need to pay estimated tax only if their ...

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