Making estimated tax payments is important since the U.S. tax system operates on a "pay-as-you-go" basis. This means the IRS expects you to pay a portion of your income as soon as you earn it.

either through employer withholding or estimated tax payments, both of which are also known as pay-as-you-go taxes. Each time ...

Investopedia / Madelyn Goodnight Tax withholding is a way for the U.S. government to maintain its pay-as-you-go (or pay-as-you-earn) income tax system. This means taxing individuals at the source ...

In the United States, income taxes are pay-as-you-go. If you don't keep up with payments, you could end up with a large tax bill in addition to penalties for late payment when it comes time to ...

Social Security may become insolvent as early as 2035. President-elect Donald Trump previously vowed tax cuts for seniors.