Evolving Personal Finance » Entries tagged with "estimated tax"

Creating Our Self-Tax Refund

April 22nd, 2015 | 13 Comments

Creating Our Self-Tax Refund

While most people might love to receive a fat tax refund following tax season each year, it seems that personal finance nerds converge more on either owing tax on April 15 or getting very close to getting zero refund. Kyle and I seem to have split the difference for our 2014 taxes, gaining the pluses from each side of that argument while avoiding the minuses.   For the last few years before 2014, we managed to match … Read entire article »

Filed under: taxes

How to Calculate Estimated Tax When You Don’t Know Your Income

April 13th, 2015 | 3 Comments

How to Calculate Estimated Tax When You Don’t Know Your Income

If you will owe more than $1,000 next April 15 (that is, if your total tax liability exceeds your withholdings by more than $1,000), you are supposed to make estimated tax payments quarterly. The next payment is due on April 15, 2015 If you basically know your 2015 income, you can easily and straightforwardly calculate and file your estimated tax payment.   You have two choices of how to calculate the amount you should pay and you … Read entire article »

Filed under: taxes

Oops, We Need to File an Estimated Tax Payment This Month

January 8th, 2014 | 17 Comments

Oops, We Need to File an Estimated Tax Payment This Month

When I wrote about how to have a financially successful first month of graduate school back in August, I added to my editorial calendar for this January a post on how to file estimated tax payments.  I thought that would be perfect timing for those first-year grad students to consider filing estimated taxes on the fellowship money they’d received in their first semester, if they didn’t set up withholding.  I never considered at that time that … Read entire article »

Filed under: taxes

How to Calculate and File Estimated Tax Payments

January 1st, 2014 | 12 Comments

How to Calculate and File Estimated Tax Payments

If you are being paid but aren’t having any money withheld for income taxes, you may need to pay estimated tax quarterly.  If you don’t know what those are or how to do them, read on!  Grad students, please pay special attention.  You have to pay income tax on your stipend if it doesn’t go toward qualified educational expenses (your rent does not count).  If you do not have withholding set up, you will likely … Read entire article »

Filed under: grad school, taxes