What are estimated quarterly taxes? Basically taxes that you estimate for the current year and pay throughout the current year each quarter.

Are there some scenarios where you shouldn’t pay those taxes? Possibly. Sometimes, it might be more valuable to you to save that money and pay your taxes off once you prepare your tax return the following year. Sometimes, it’s more valuable to have that cash in hand for longer.

#IRS #Estimatedtaxes

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This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.