estimated tax

1 7.0

Money paid in regular payments to the government on income your employer does not take from your pay

noun
/ˈɛstɪˌmeɪtɪd tæks/

Specialized

: impuesto estimado

He plans to make an estimated tax payment every quarter based on his projected income.
estimated tax payments
pay estimated tax

So he's paying like now, pretty sizable estimated taxes for me.

Examples

So he's paying like now, pretty sizable estimated taxes for me.

Your Rich BFF
So he's paying like now, pretty sizable estimated taxes for me.

Your Rich BFF
Before the tax deadline, I calculated my estimated tax to avoid a penalty.
To avoid underpayment, she regularly reviews her estimated tax obligations throughout the year.

Antonyms

actuals

Jargon

5.7

The real amounts and numbers in a budget or plan, not estimates

Surface Forms

estimated tax singular

estimated taxes plural

Morphology

estimate + tax

The phrase literally denotes a 'tax that has been estimated' — a tax amount calculated approximately based on projected income. This is a regular adjective + noun composition (estimated + tax) and parallels formations in many languages, so a B1 learner who knows 'estimate/estimated' and 'tax' can readily infer the meaning.

Etymology

Estimated tax comes from the simple idea of paying a guessed amount of your future taxes. You estimate or 'guess' how much tax you will owe and pay small amounts during the year, so you avoid one big 'bill' at the end.