Quarterly Estimated Tax Calculator
Quarterly Estimated Tax Payment
Calculate quarterly estimated tax payments based on expected income
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Formula
Quarterly Payment = (Total Estimated Tax - Withholding) / 4
Frequently Asked Questions
Who needs to make quarterly estimated tax payments?
You must make quarterly payments if you expect to owe at least $1,000 in tax after subtracting withholding and credits. This commonly applies to freelancers, self-employed individuals, and those with significant investment income.
What is the safe harbor rule for estimated taxes?
You can avoid underpayment penalties by paying at least 90% of your current year tax liability or 100% of your prior year liability (110% if AGI exceeds $150,000), whichever is smaller.
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