How to File Estimated Taxes?

Answer You will need to file estimated taxes if your employer does not withhold taxes from your paycheck or does not withhold enough taxes to cover your liability for that tax year.

Top Q&A For: How to File Estimated Taxes

When are estimated taxes due to the IRS?

You generally must pay estimated taxes to the IRS if you're self-employed or otherwise don't have taxes withheld from your earnings. The due dates are as follows: April 15 for earnings from January... Read More »

How do i calculate estimated taxes?

Compare your previous year's tax return (withholding and earnings) to your current year's return. If you are on track to earn a similar amount of income, then divide your previous year's withholdin... Read More »

Who Pays Estimated Taxes?

According to the Internal Revenue Service (IRS), anyone who has income that is not subject to withholding must pay estimated taxes. These include self-employed individuals, prize winners, property ... Read More »

Penalty for Underpayment of Estimated Taxes?

A taxpayer, or the taxpayer's employer, must send in tax payments throughout the year, and the taxpayer calculates the actual tax liability the next year. The taxpayer has to estimate the amount of... Read More »