estimated tax

noun

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.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/estimated%20tax. Accessed 29 Nov. 2022.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!


The Great British Vocabulary Quiz

  • union jack speech bubble
  • Named after Sir Robert Peel, what are British police called?
Name That Thing

You know what it looks like… but what is it called?

TAKE THE QUIZ
Universal Daily Crossword

A daily challenge for crossword fanatics.

TAKE THE QUIZ