estimated taxes

Definition of "estimated taxes"
  1. Quarterly payments made by the self-employed to federal and state tax agencies, covering their projected yearly income and self-employment tax liability
How to use "estimated taxes" in a sentence
  1. As a freelancer, Jane set aside money to comply with her estimated taxes responsibility, reducing year-end financial stress.
  2. Tom's accountant calculated his estimated taxes to ensure he pays his likely tax liability for the year.
  3. Every quarter, the small business owner sends in his estimated taxes to avoid income tax surprises at year-end.

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