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Quarterly estimated tax

Estimated payments are due four times a year, and underpaying triggers an interest charge even if you settle up in April. This projects your liability and compares it to the prior-year safe harbor, which is often the cheaper and safer target.

Self-employment income for the year.

From a W-2 job, yours or a spouse’s.

Line for total tax on last year’s return — drives the safe harbor.

Above $150,000 the safe harbor rises from 100% to 110%.

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These tools are educational and produce estimates from the figures you enter. They are not tax, legal, investment, or accounting advice, and they do not create a client relationship. Talk to us before acting on a number you see here.

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