💡State taxes must be paid in addition to federal taxes.
📅If you missed quarterly tax deadlines, pay the missed payments along with the current one.
📊Quarterly taxes should be calculated based on net income, taking into account all business expenses.
🤝Spouse's income is relevant when filing taxes jointly, as it affects tax brackets.
💼Hiring an accountant can save time and ensure accurate tax filings.
Do I have to pay state quarterly taxes?
—Yes, state taxes must also be paid in addition to federal taxes.
What should I do if I missed the quarterly tax deadlines?
—Pay the missed payments along with the current one to catch up.
Should I calculate quarterly taxes based on net income or gross income?
—Quarterly taxes should be calculated based on net income, deducting all business expenses.
Do I need to consider my spouse's income when filing quarterly taxes?
—Yes, if you are filing jointly, your spouse's income affects your tax bracket.
Is it necessary to hire an accountant for quarterly taxes?
—Hiring an accountant can save time and ensure accurate tax filings, especially for complex situations.
00:00As the year end approaches, many people have questions about paying quarterly taxes.
03:39State taxes must be paid along with federal taxes, although the amount may vary by state.
11:45If you miss the quarterly tax deadlines, pay the missed payments along with the current one to catch up.
15:59Quarterly taxes should be calculated based on net income, considering all business expenses and deductions.
20:01When filing jointly, you need to consider your spouse's income, as it affects your tax bracket.
24:34While it's not necessary to hire an accountant, doing so can save time and ensure accurate tax filings.
