# Estimated Tax Payments

*Taxes — Finicade finance glossary*

Estimated tax payments are quarterly instalments owed by people whose income isn't withheld — the self-employed, investors, landlords. Underpay and penalties accrue as interest from each missed date. The reliable defence is the safe harbour: pay at least 100% of last year's tax (110% at higher incomes) and no penalty applies, however much this year's income turns out to be.

**Also known as:** quarterly taxes, estimated taxes, payments on account

**Related terms:** [Self-Employment Tax](https://finicade.com/glossary/self-employment-tax), [Form 1099](https://finicade.com/glossary/form-1099), [Withholding](https://finicade.com/glossary/withholding), [Tax Refund](https://finicade.com/glossary/tax-refund), [Taxable Income](https://finicade.com/glossary/taxable-income)

Source: https://finicade.com/glossary/estimated-tax-payments