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