Self-Employed Tax

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Definitions
Declaration of Estimated Tax
Estimated Tax Declaration of Estimated Tax Income Tax Self-Employed Tax Tax Compliance IRS Quarterly Payments Tax Filing
This is a filed statement that a taxpayer must submit to the IRS that includes an estimate of the amount of income tax owed for a particular year. It is typically used by individuals who do not have their taxes automatically withheld from their paycheck.
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Definitions
Social Security Tax
Social Security Tax OASDI FICA Taxation IRS Employer Withholding Self-Employed Tax Federal Taxes
The Social Security tax, specifically the Old-Age, Survivors, and Disability Insurance (OASDI) portion, is a crucial federal tax under the Federal Insurance Contributions Act (FICA) that applies to compensation and self-employment earnings.
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