Do I need to make estimated tax payments to the IRS?
by TurboTax•509• Updated 5 months ago
If taxes aren't withheld from the income you receive, making quarterly estimated tax payments can help you avoid paying a big tax bill or an underpayment penalty in April.
Avoid possible penalty. If you underpay your taxes during the year, you might face a penalty at tax time. Here's how to determine what you need to pay and when.
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