When do i start paying estimated taxes

Whether you make estimated tax payments or rely on withholding, you could be hit with a penalty if you don't pay enough tax throughout the year. Finally, unless you live in a state with no income tax , you probably owe estimated tax payments to your state, too. Due dates for state payments may or may not coincide with the federal dates, so be sure to check with the appropriate tax agency in your state.

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I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Part Of. Tax Preparation. Getting Help. Tax Strategy. Tax Credits and Deductions. Retirement and Your Taxes. Tax Filing. Tax Refunds. Tax Security. Taxes Income Tax. When Are Quarterly Taxes Due? Key Takeaways Business owners and self-employed people are required to proactively pay estimated income taxes on a quarterly basis.

The payment deadlines are usually April 15, June 15, Sept. Article Sources. Investopedia requires writers to use primary sources to support their work.

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Paying Estimated Taxes. Independent contractors and self-employed workers have to pay estimated taxes every quarter - find out how. Who Must Pay Estimated Taxes? How Much Estimated Tax You Must Pay You should figure out how much estimated tax to pay after completing your tax return for the previous year.

When to Pay Estimated Tax You usually have to pay estimated tax in four installments, starting on April Want to Learn More? Talk to a Tax Attorney Need a lawyer?

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