Tips For People Who Pay Estimated Taxes

The IRS provides some helpful information concerning paying estimated taxes. The main thing to remember is that you generally must pay estimates if your balance due is expected to be at least $1,000 AND your withholding and tax credits is less than the smaller of 90% of your current year's total tax or 100% of last year's total tax. For calendar year taxpayers, the due dates of estimated taxes are April 15, June 15, September 15 and January 15 of the following year.

Here is the link to the six tips from the IRS.

If you have any tax questions, please contact me.

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