Estimated Taxes

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** Estimated Taxes **

中文 | 한국어 | TiếngViệt | Pусский

Estimated tax is the method used to pay tax on income that is not subject
to withholding. This includes income from self-employment, interest,
dividends, alimony, rent, gains from the sale of assets, prizes and awards.
You also may have to pay estimated tax if the amount of income tax being
withheld from your salary, pension, or other income is not enough.

Estimated tax is used to pay income tax and self-employment tax, as well as
other taxes and amounts reported on your tax return. If you do not pay
enough through withholding or estimated tax payments, you may be charged a
penalty. If you do not pay enough by the due date of each payment period
you may be charged a penalty even if you are due a refund when you file


Source: www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Estimated-Taxes


when are estimated taxes due 2013


Tax Dates - Quarterly Estimated Tax Due Dates for U.S. Freelancers

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** What dates are quarterly estimated taxes due for U.S. Freelancers? **

By Jennifer Kyrnin, About.com Guide

*Question: *What dates are quarterly estimated taxes due for U.S.
Freelancers?

Web designers often work as freelancers, and need to pay taxes on their
earnings, just like any other job. But becuase you don’t have an employer
taking money out of your paycheck every month, you will need to send a
check to the IRS once a quarter. These are called quarterly estimated
taxes.

As a freelancer, you should expect to pay estimated quarterly taxes if:

· You expect to owe at least $1000 in taxes for the year
· Or your withholding (from a non-freelancing job, for example) does not
cover at least 90% of the taxes that you will owe for the year

There are other reasons you may need to pay estimated taxes, but those are
the most common reasons freelancers would have to. Please see an accountant
or tax adviser for suggestions regarding your specific situation.

*Answer: *

-2013 Tax Year-

For the 2013 tax year, the estimated taxes are due:

· *April 15, 2013*—estimated tax payment due for first quarter 2013.
· *June 17, 2013* — estimated tax payment due for second quarter 2013.
· *September 16, 2013* — estimated tax payment due for third quarter
2013.
· *January 15, 2014* — estimated tax payment due for fourth quarter
2013.

If you are going to file and pay all your taxes by *January


Source: webdesign.about.com/od/freelancing/f/quarterly-tax-dates.htm

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