Failing to pay enough taxes during the year can lead to IRS penalties. Even if you anticipate a refund when you eventually file your return, the IRS may penalize late or insufficient estimated tax ...

Tax time can be rough for freelancers and side hustlers, especially if you didn't save enough money to cover your tax bill.

If you didn’t make your estimated fourth-quarter tax payment for 2024, there is still time to square up with the Internal Revenue Service and avoid high penalties. Don’t dawdle. Today’s ...

If you're one of the millions of people in the U.S. who sends quarterly estimated income taxes to the IRS, you already know that doing it right requires dedication and organization. In contrast to ...

Estimated taxes are an unavoidable fact of life for ... in an IRS-declared disaster area and receive a late filing or late payment penalty notice? If the payment falls into the extended deadline ...

And then at some point late in the year, they took their required minimum distribution. If they needed to make $10,000 of estimated tax payments throughout the year, well, that's $2,500 per quarter.

If you e-filed your return, you can expect to see status updates roughly 24 hours after submitting it. If you e-file a prior ...

The IRS publishes the rates every quarter. The good news is that an estimated tax payment that's late by a few days won't result in a massive penalty. However, if you don't pay any estimated taxes ...

“The reason withholding is better is that all withholding is treated as being paid equally throughout the year, even if it is increased late in the year. Estimated tax payments are credited when ...

No. In fact, filing a tax extension can help you avoid a late-filing penalty ... including e-filing Form 4868 or making an estimated tax payment by the tax deadline. IRS Free File: Free File ...