FindLaw Legal Dictionary
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estimated tax n
: a tax paid usually quarterly by certain entities (as corporations or trusts) or individuals on income that is not subject to withholding NOTE: A declaration of estimated tax is not required for federal income taxes for tax years after 1984. Some states, however, require declarations to be filed.
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.