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What are Estimated Taxes?

May 8, 2024

Tell me I’m not the only one….

If you spread out a price into several payments instead of one payment, it somehow makes your brain feel like it isn’t quite as “big” of a hit to your bank account. For instance, seeing $1,000 could take your breath away, but four payments for $250 doesn’t seem quite as bad. That’s because you are only worrying about the payment at that moment instead of what the price is in totality.

Can anyone else relate?

If so, estimated taxes may be your new best friend. Instead of having to wait till the end of the year to pay for ALL the taxes you owe, estimated taxes help to break that up, so you only have to pay in quarterly chunks. To the brain, it may feel a little bit more manageable (and less anxiety producing, haha).

In this week’s YouTube episode, I’ll be giving you the scoop on what are estimated taxes and who really has to pay them. Plus, I’ll give you a big perk when it comes to estimated taxes and filing at the end of the year! Head to the link in bio to check it out!

*I’ll just be over here trying to figure out how I can break more of my payments down to trick my mind into thinking I’m not spending as much as I am, haha!

XOXO ~ Heather Marie

If you found this helpful, make sure to grab this freebie to help you follow along in the upcoming videos. It is a breakdown of the 15 most common expense categories when it comes to taxes. Use this guide to start organizing your expenses throughout the year, so your numbers are ready for your accountant to file your taxes. 

Grab the link here!

More helpful tax tips:

Tax Deadlines You Need to Know

Tax Write-off Series: Office Supplies and Props and Software

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Photographer, go-getter, and ice cream lover
Based in Lancaster, Pennsylvania

@heather.marie.leicy

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