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estimated tax

   Also found in: Legal, Financial 0.07 sec.
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Noun1.estimated tax - income tax paid periodically on income that is not subject to withholding taxes; based on the taxpayer's predicted tax liability
income tax - a personal tax levied on annual income

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Individual income taxpayers in these states and the District of Columbia also have until April 17, 2007, to make Federal tax payments otherwise due on April 16, 2007, including the first installment of estimated tax for tax year 2007.
These help us track clients' estimated tax payments to minimize tax agency notices of over- or underpayment.
5 million in estimated tax revenues - a conservative estimate, according to an internal audit conducted by the city.
 
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