estimated tax

Definition

The required advance payment of a current liability that is not already being withheld for, such as investment income, capital gains, alimony, or rent.

Use estimated tax in a sentence

You should always try and figure out what the estimated tax may be so you know if you can afford it.

​ Was this Helpful? YES  NO 4 people found this helpful.

The estimated tax withheld from his check was a very large sum of money because of the alimony and child support that needed to be paid.

​ Was this Helpful? YES  NO 3 people found this helpful.

The estimated tax on capital gains earnings has increaded by 10% in the last quarter making the investor review his investment strategies for the coming qurters to minimize his tax burden.

​ Was this Helpful? YES  NO 5 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
automatic extension partnership