Do you owe estimated taxes? If so, when is the next one due?

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Do you owe estimated taxes? If so, when is the next one due?

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August 6, 2024 , , ,

estimated tax payments

Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year. If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains, a pension or other income that’s not covered by withholding.

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Two important tax deadlines are coming up — and they don’t involve filing your 2022 tax return

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March 21, 2023 , ,

RMD Distribution

April 18 is the deadline for filing your 2022 tax return. But a couple of other tax deadlines are coming up in April and they’re important for certain taxpayers:

  1. Saturday, April 1 is the last day to begin receiving required minimum distributions (RMDs) from IRAs, 401(k)s and similar workplace plans for taxpayers who turned 72 during 2022.
  2. Tuesday, April 18 is the deadline for making the first quarterly estimated tax payment for 2023, if you’re required to make one.

Continue Reading: Two important tax deadlines are coming up — and they don’t involve filing your 2022 tax return

Estimated tax payments: Who owes them and when is the next one due?

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August 9, 2022 , ,

estimated tax

If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains or other income. Here are the applicable rules for paying estimated tax without triggering the penalty for underpayment.

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Gig workers should understand their tax obligations

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December 28, 2021 , , ,

gig worker

The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans have earned money at some time through online gig platforms. This includes providing car rides, shopping for groceries, walking dogs, performing household tasks, running errands and making deliveries from a restaurant or store.

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Estimated tax payments:

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March 9, 2021 , ,

estimated taxes

The deadline for the first 2021 installment is coming up.

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The next self-employment tax deadline is January 15 if you have to make a payment

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December 22, 2020 , ,

Self-employment tax

If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly basis. The fourth 2020 estimated tax payment deadline for individuals is Friday, January 15, 2021. Even if you do have some withholding from paychecks or payments you receive, you may still have to make estimated payments if you receive other types of income such as Social Security, prizes, rent, interest, and dividends.

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The next estimated tax deadline is September 16: Do you have to make a payment?

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September 3, 2019 , ,

Self-employment tax due

If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly basis. The third 2019 estimated tax payment deadline for individuals is Monday, September 16. Even if you do have some withholding from paychecks or payments you receive, you may still have to make estimated payments if you receive other types of income such as Social Security, prizes, rent, interest, and dividends.
Continue Reading: The next estimated tax deadline is September 16: Do you have to make a payment?