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Quarterly Estimated Taxes Explained for the Self-Employed6 steps · Checklist
Stay on top of quarterly estimated tax
How to work it out and not fall behind.
Work out whether you expect to owe enough to need estimated payments.
Project the year's income, subtract deductions, then split the liability.
Include self-employment tax, not only income tax.
Note the periods are not equal three-month blocks.
Set money aside from each payment received, not before each due date.
Know a later overpayment does not undo an earlier quarter's shortfall.
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