How to Pay Quarterly Taxes When Your Income Changes

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Today, I’m talking about the importance of estimated quarterly taxes if you’re self-employed and how you can use the Safe Harbor rule, to help make an accurate tax estimate if your income is different this year from last year. 

 

Join me in this episode to learn how you can avoid tax penalties and large tax bills by estimating your quarterly taxes as accurately as possible. 

 

Also mentioned in today’s episode: 

  • What is the Safe Harbor Rule? 2:20

  • Paying your quarterly taxes based on current year income 9:10

  • The benefits of paying quarterly taxes 13:00

 

If you enjoyed this episode, please rate, review and share it! 

Links:

On-demand class on Making Taxes Easier/Best Deal on my program, Money Bootcamp

Watch YouTube video version.

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Avoid a Tax Bill: How to Start Estimated Quarterly Taxes