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Estimated Tax Worksheet Form

Estimated Tax Worksheet Form

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hi there so we're coming up on a quarter deadline and so you're probably wondering do I need to make a quarterly estimated tax payment and how much how do you know if you need to make a quarterly estimated tax payment so if when you file your taxes for the entire current year come that Infamous April 15th deadline if on that return your form 1040 you would owe taxes more than $1,000 then you need to make a payment this quarter now there are some exceptions and ways the calculation Works to make it so that you don't get a penalty and interest however even if you don't have a penalty I still want to pay as I earn right otherwise you can end up with a big tax bill come the end of the year basically the IRS gives you a year if you start making a lot more money you can pay in what you paid the year before so they give you a year to kind of figure figure out your situation but if I make a million dollars this year and I only paid a little bit last year I still

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