quarterly tax
Periodic government payment
Quarterly tax refers to estimated tax payments made four times per year, typically by self-employed individuals and businesses whose income isn't subject to automatic withholding.
In the U.S., these payments cover income tax and self-employment tax owed to the IRS: I set aside money each month for quarterly taxes.
Missing deadlines triggers penalties and interest.
- estimatedRoughly calculated beforehand
- paymentFulfilling a financial obligation
- payment dueSum requiring settlement
- deadlineTime limit for completion
- AprilYear's fourth month
IRS · filing · withholding · self-employed · freelancer · side hustle · small business · 1099 · income · tax burden · accountant · deduction · penalty · installment · fiscal · revenue · audit · refund
- taxationtax, income tax, sales tax, tax return, tax refund
- business taxestax returns, tax filing, tax deductions, deductions, small business tax
- corporate taxcorporate tax, corporation tax, tax liability, corporate income, tax rates
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- personal taxincome tax, capital gains, property tax, estate tax, inheritance tax
- Payroll Taxespayroll tax, payroll taxes, Medicare tax, withholding tax, federal withholding
quarterly taxannual tax
Recurring government payment
lump-sum payment · pay-as-you-earn · pay-as-you-go · lump sum payment
quarterly taxtax withholding
Employer-retained government payment
withholding tax · payroll tax · payroll deduction · automatic deduction · wage garnishment
quarter, quarterly, quarters, quartered, quartering, taxing, taxation, taxable, taxpayer