What are Estimated Taxes?

admin • August 6, 2018

Estimated tax is the method used to pay tax on income that is not subject to withholding. This income includes earnings from self-employment, interest, dividends, rents, and alimony, unemployment compensation, and the taxable part of Social Security benefits.

For the tax year 2018, the remaining estimated tax payment due date is Jan. 15, 2019.

You can pay your taxes throughout the year anytime. You must select the tax year and tax type or form when paying electronically. Filers paying by check should make it out to the “United States Treasury” and indicate the tax year and type of taxes they are paying.

irs.gov

 

The post What are Estimated Taxes? appeared first on Law Office of Mary E. King P.L. .

 

Disclaimer: The information on this website and blog is for general informational purposes only and is not professional advice. We make no guarantees of accuracy or completeness. We disclaim all liability for errors, omissions, or reliance on this content. Always consult a qualified professional for specific guidance.

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