Quarterly Taxes Explained | How to Pay Estimated Taxes
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/
——————————————————————————————————
📣 NOTE: Keeper currently doesn't file quarterly taxes. If you'd be interested in handling quarterly taxes through our app, send a note to support@keepertax.com. 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
——————————————————————————————————
TAX WRITE-OFFS EXPLAINED
https://youtu.be/2-D7BiB5Tw8
——————————————————————————————————
FREE QUARTERLY TAX CALCULATOR
https://www.keepertax.com/quarterly-tax-calculator
——————————————————————————————————
SUBSCRIBE HERE
https://www.youtube.com/c/KeeperTax
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
——————————————————————————————————
FREE TAX RESOURCES
1099 Tax Calculator: https://www.keepertax.com/1099-tax-calculator
How Much Should I Set Aside for Taxes?: https://www.keepertax.com/self-employment-tax-rate-calculator
——————————————————————————————————
COMMON TAX WRITE-OFFS
For rideshare drivers: https://www.keepertax.com/tax-write-offs/lyft-uber-driver
For delivery drivers: https://www.keepertax.com/tax-write-offs/postmates
For real estate agents: https://www.keepertax.com/tax-write-offs/real-estate-agent
For online sellers: https://www.keepertax.com/tax-write-offs/online-seller
For freelance designers: https://www.keepertax.com/tax-write-offs/freelance-designer
And more: https://www.keepertax.com/freelancer-tax-deductions
Видео Quarterly Taxes Explained | How to Pay Estimated Taxes канала Keeper - Taxes made magical
Get started with the app: https://keeper.tax/e/x8k4IzoTvkb
Our website: https://www.keepertax.com/
——————————————————————————————————
📣 NOTE: Keeper currently doesn't file quarterly taxes. If you'd be interested in handling quarterly taxes through our app, send a note to support@keepertax.com. 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
——————————————————————————————————
TAX WRITE-OFFS EXPLAINED
https://youtu.be/2-D7BiB5Tw8
——————————————————————————————————
FREE QUARTERLY TAX CALCULATOR
https://www.keepertax.com/quarterly-tax-calculator
——————————————————————————————————
SUBSCRIBE HERE
https://www.youtube.com/c/KeeperTax
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
——————————————————————————————————
FREE TAX RESOURCES
1099 Tax Calculator: https://www.keepertax.com/1099-tax-calculator
How Much Should I Set Aside for Taxes?: https://www.keepertax.com/self-employment-tax-rate-calculator
——————————————————————————————————
COMMON TAX WRITE-OFFS
For rideshare drivers: https://www.keepertax.com/tax-write-offs/lyft-uber-driver
For delivery drivers: https://www.keepertax.com/tax-write-offs/postmates
For real estate agents: https://www.keepertax.com/tax-write-offs/real-estate-agent
For online sellers: https://www.keepertax.com/tax-write-offs/online-seller
For freelance designers: https://www.keepertax.com/tax-write-offs/freelance-designer
And more: https://www.keepertax.com/freelancer-tax-deductions
Видео Quarterly Taxes Explained | How to Pay Estimated Taxes канала Keeper - Taxes made magical
Показать
Комментарии отсутствуют
Информация о видео
22 октября 2021 г. 0:00:13
00:11:46
Другие видео канала
What Is an ITIN? Do I Need One? | Individual Tax IDs vs SSNsWhat is the Self-Employed Health Insurance Deduction? | Writing Off Health Insurance ExpensesMistake on Your 1099? | Top 4 1099 Issues & How to Handle Them This Tax SeasonEverything You Need to Know About Car Depreciation | How to Depreciate Your Car on Your Taxes5 Bank Fees You Should Be Writing Off as a Business ExpenseStartup Costs | How to Write Them Off and Save Money on Your TaxesThe QBI Deduction | This Tax Break Can Save You a TON of Money as a Freelancer!Behind on Your Taxes? | What to Do If You Have NOT Filed Your Taxes in YEARSMy Business is LOSING Money! What Do I Do? | Business Losses for TaxesAdvertising Expenses For Freelancers That You Don’t KnowCan You Write Off a Haircut? | Hairstyling, Makeup & Plastic Surgery Write-Offs10 Must-Know Tax Write-Offs for Actors | Classes, Guild Memberships, Netflix?Top 13 Write-Offs for Influencers | Must-Know YouTube + Content Creator Tax DeductionsHow to Write Off a Computer on Your Taxes1099-Ks Explained | What the $600 Tax Law Means for YouI Didn’t Get a 1099, Do I Still Have to Pay Taxes?Best Tax Software for Freelancers | How to File Your Taxes in 2022Top 5 Tax Mistakes to Avoid | Freelancers, Don’t Do This!How to Write Off Your Cell Phone | Phone Bill, Family Plan & MoreHow to Write Off Education Expenses for Work | Courses, Books, Podcasts!Will a Home Office Get You Audited? | Best Way to Deduct a Home Office