What’s the Deal with Quarterly Estimated Taxes?

Taxes can be excruciating, especially for freelancers since they don’t have an employer to withhold their taxes from every paycheck, thus, they have to make quarterly estimated tax payments. These taxes are used to pay- federal income tax, state income tax, self-employment taxes, social security, and Medicaid/Medicare.

Brought to you by: Flyfin.tax

Color palette:

#1b3c65
#7acdf1
#bac4d0
#ff7c5c
#3e3e3e
#ffffff

 

What’s the Deal with Quarterly Estimated Taxes?

Share :

Related Infographics :