Estimated Tax Law and Legal Definition
Estimated tax refers to a periodic advance payment of income that is not subject to withholding taxes, which includes self-employment income, dividend income, rental income, interest income and capital gains. It is calculated on the basis of the previous year’s tax liability or an estimate of the current year’s tax liability. The estimated tax is paid quarterly.
Legal Definition list
- Estimated Initial Investment
- Estimated In-use Fuel Economy Range
- Estimated Highway MPG
- Estimated Financial Assistance [Education]
- Estimated Fair Market Value
- Estimated Tax
- Estimated Useful Life [Economic Development Administration, Department of Commerce]
- Estimation Inspection
- Estimative Intelligence
- Estin Doctrine
- Estoppel
