How to Calculate Quarterly Estimated Tax Payments | 2024 Update скачать в хорошем качестве

How to Calculate Quarterly Estimated Tax Payments | 2024 Update

Are you a beginner struggling with quarterly estimated taxes? Look no further! In this comprehensive video, we'll guide you through the essential steps to calculate your quarterly estimated taxes like a pro. Learn how to determine your tax liability, understand the importance of estimated taxes, and discover useful tips for staying organized throughout the year. We'll break down complex concepts into simple terms, making it easy for anyone to grasp. Whether you're self-employed, a freelancer, or just need to get a better handle on your finances, this video is packed with valuable information to help you navigate the world of estimated taxes confidently. 00:00 Introduction to Quarterly Estimated Taxes 01:04 Gathering Essential Documents 01:44 Step 1: Estimating Total Income 03:52 Step 2: Calculating Taxable Income 06:44 Step 3: Determining Tax Liability 07:46 Step 4: Subtracting Withholding and Credits 11:45 Step 5: Determining Required Annual Payment 15:58 Step 6: Dividing Payments into Quarters 16:29 Step 7: Payment Deadlines 19:07 Tips for Self-Employed Individuals 21:03 Final Tips and Summary 2024 Income Tax Brackets IRS: https://www.irs.gov/newsroom/irs-prov... Nerd Wallet: https://www.nerdwallet.com/article/ta... Please note that this video is for information purposes only and is not intended to provide or relied upon for tax, legal, or accounting advice. Please consult your own CPA, tax advisor, legal and accounting advisors. #QuarterlyTaxes #EstimatedTaxes #TaxTips #FinanceForBeginners #SelfEmployed #TaxPreparation #FinancialEducation