Quarterly Taxes Explained | How to Pay Estimated Taxes
Keeper - Taxes made magical Keeper - Taxes made magical
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 Published On Oct 21, 2021

Keeper is delightfully smart tax filing software that’s especially useful for people with 1099 contracting & freelance income. Connect your bank to automatically uncover tax breaks & personalize.

Get started with the app: https://keeper.tax/e/x8k4IzoTvkb
Our website: https://www.keepertax.com/

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📣 NOTE: Keeper currently doesn't file quarterly taxes. If you'd be interested in handling quarterly taxes through our app, send a note to [email protected]. We'll keep your feedback in mind as we continue improving the app! 📣

Confused about quarterly taxes? We’ll go over everything you need to know: when they’re due, how to make your payments, and what happens if you skip them.

A lot of freelancers and self-employed people are vaguely aware that quarterly taxes are a thing — without fully understanding how they work. If that sounds like you, just watch this video, and we’ll break it down for you.

Quarterly taxes sound straightforward enough: they break your annual tax payment into four chunks. Instead of paying it all on April 15, you’ll make payments in April, June, September, and January of the next year.

A lot of freelancers and self-employed people SHOULD ideally be paying these every year, but don’t. That means they’re on the hook for an underpayment penalty. We’ll show you exactly what that looks like in the video.

If you just want to know how to make your payments, we’ve got you covered too. We’ll break down all your options for sending in your quarterly tax payments, from the old-school (a snail mailed check) to the high-tech (the IRS’s web portal, IRS Direct Pay).

TIMESTAMPS

00:00 - Intro
01:19 - What are quarterly taxes?
02:34 - Estimating your taxable income
03:13 - Should I make quarterly tax payments?
05:48 - How to budget for your tax bill
09:02 - How to pay quarterly taxes

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TAX WRITE-OFFS EXPLAINED

   • Tax Write-Offs Explained | Tax Deduct...  
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FREE QUARTERLY TAX CALCULATOR

https://www.keepertax.com/quarterly-t...

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Here at the Keeper channel, we create resources to help you save on your taxes. Subscribe to watch us break down your tax bill, dig into write-offs, debunk tax myths, and more.

#SelfEmployed #Freelancer #TaxDeductions

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FREE TAX RESOURCES

1099 Tax Calculator: https://www.keepertax.com/1099-tax-ca...
How Much Should I Set Aside for Taxes?: https://www.keepertax.com/self-employ...

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COMMON TAX WRITE-OFFS

For rideshare drivers: https://www.keepertax.com/tax-write-o...
For delivery drivers: https://www.keepertax.com/tax-write-o...
For real estate agents: https://www.keepertax.com/tax-write-o...
For online sellers: https://www.keepertax.com/tax-write-o...
For freelance designers: https://www.keepertax.com/tax-write-o...
And more: https://www.keepertax.com/freelancer-...

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