Estimated Taxes

Learn how to manage your tax obligations with our guide on Estimated Taxes. This essential resource explains the pay-as-you-go system for federal income tax, including how to calculate and make quarterly payments. Ideal for self-employed individuals, investors, and those with non-traditional income, this guide helps you avoid underpayment penalties and stay compliant with IRS requirements.

Highlights:

• Who Must Pay: Understand the criteria for making estimated tax payments, including income thresholds and withholding requirements.

• Payment Deadlines: Key dates for quarterly payments to avoid penalties.

• Payment Methods: Options for paying estimated taxes, including EFTPS and IRS2Go.

• Penalty Avoidance: Strategies to avoid underpayment penalties, including safe harbor rules and special considerations for farmers and fishermen.