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Complete Guide to Quarterly Estimated Tax Payments
Tax Expert Team•2023-12-28•7 min read
Understanding Quarterly Estimated Taxes
If you are self-employed or have income not subject to withholding, you likely need to make quarterly estimated tax payments to avoid penalties.
Who Needs to Pay
Generally, you must pay estimated taxes if you expect to owe at least one thousand dollars in taxes when you file your return, and your withholding and credits will be less than the smaller of 90% of the tax shown on your current year return or 100% of the tax shown on your prior year return.
