estimated tax


es·​ti·​mat·​ed tax
: a tax paid usually quarterly by certain entities (as corporations or trusts) or individuals on income that is not subject to withholding

Note: A declaration of estimated tax is not required for federal income taxes for tax years after 1984. Some states, however, require declarations to be filed.

Dictionary Entries Near estimated tax

Cite this Entry

“Estimated tax.” Legal Dictionary, Merriam-Webster, Accessed 18 Jun. 2024.

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