Quarterly Estimated Tax Prep · The Bossy Collective

Quarterly Estimated Tax Prep

Let’s make tax season way less stressful by getting ahead of your quarterly estimate.

Here’s what to do:

1. Estimate your income for the full year. Look at what you’ve earned so far + what you expect to make before year-end.

2. Review all tax payments you’ve already made. This includes any previous quarterly payments or withholdings.

3. Use IRS Form 1040-ES to calculate what’s left. This form walks you through estimating what you owe based on income, deductions, and credits.

4. Pay before January 15 to avoid penalties. Even if the amount feels small, paying on time keeps you in good standing.

Staying organized now = way less stress later. 💛

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