declaration of estimated tax
- noun
- /ˌdɛkləˈreɪʃən əv ˈɛstɪmeɪtɪd tæks/
- Formal
- A self-employed individual must file a declaration of estimated tax if their withholding is not sufficient.
Examples
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Failure to submit a declaration of estimated tax can result in penalties by the tax authorities.
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The accountant helped her prepare her declaration of estimated tax for the upcoming year.
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I need to file my declaration of estimated tax soon.
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Have you submitted your declaration of estimated tax yet?
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A self-employed individual must file a declaration of estimated tax if their withholding is not sufficient.
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Failure to submit a declaration of estimated tax can result in penalties by the tax authorities.
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The accountant helped her prepare her declaration of estimated tax for the upcoming year.
Synonyms
A form to pay tax you expect to owe when not enough tax is taken from your pay
Surface Forms
Morphology
declaration + of + estimate + tax
The phrase denotes a formal statement (declaration) that gives an approximate amount (estimated) of a government charge (tax), so its overall meaning is directly derivable from the constituent words and standard noun + prepositional phrase composition. This is a transparent, technical compound found across languages (e.g., declarations/estimates for tax), so a B1 learner who knows the parts would likely grasp the basic meaning even without detailed procedural knowledge.
Etymology
Declaration of estimated tax comes from the idea of making a formal declaration — a written 'guess' about your future estimated tax. So, it is the official form you file to tell the tax office how much you expect to owe and to pay part of it in advance.