which is how many people calculate their estimate taxes. However, you may wish to reassess your calculation as your year progresses. You may find that your income situation is very different from the previous year and you may end up owing more or less than your estimated tax payments justify....
You can also make payments more often if you like, says Bess Kane, a CPA in San Mateo, California. “I think it's easier to make 12 smaller payments than four larger payments," says Kane. "If you owe $1,200 for the year, I would rather pay $100 a month than $300 four times ...
You can also make payments more often if you like, says Bess Kane, a CPA in San Mateo, California. “I think it's easier to make 12 smaller payments than four larger payments," says Kane. "If you owe $1,200 for the year, I would rather pay $100 a month than $300 four times ...