(More on that below.) Estimated tax payments are commonly referred to as "quarterly" payments, even though they might not necessarily be three months apart or cover three months of income.
You should be making tax payments four times a year—once per quarter—and one of these deadlines is coming up on Jan. 16. The IRS collects estimated quarterly taxes from those who earn income ...
The fourth-quarter estimated tax deadline for 2024 is Jan. 15, and you could trigger "unexpected penalties and fees" by skipping a payment, according to the IRS. You typically owe estimated taxes ...
Estimated tax is a quarterly payment based on your income for the period. Essentially, estimated tax allows you to prepay a portion of your income tax every few months to avoid paying a lump sum ...
(The next estimated tax payment is due September 15, 2021.) When Are 2022 Estimated ... on other sources of retirement income, skip quarterly estimated payments . . . and still avoid the ...
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