Learning Center

Video Tips: June 15 Estimated Tax Payment

The U.S. tax system requires that income taxes be paid as income is earned or received during the year. For wages, this is accomplished by the employer withholding tax from the employee’s earnings and transferring the withheld tax to the IRS, which the employee then claims as a payment credit on their individual income tax return. When the amount of income tax withheld isn’t enough, or if the individual receives income on which tax isn’t withheld (such as interest, dividends, capital gains, rental profits, self-employment income, etc.), the individual may have to make estimated tax payments.

Share this article...

Want tax & business tips and insights?

Sign up for our newsletter.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

Get In Touch With Brontide

At Brontide, we're committed to delivering timely and reliable solutions for your tax and assurance needs. Fill out the form below to reach out to us.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
I consent to receive SMS messages and agree with the

Social Media

Location

6701 Democracy Blvd, Suite 300
Bethesda, Maryland 20817

Maryland License Number: 41307