Yes, you are correct. Estimated tax payments, when necessary are made quarterly according to income received and the estimated tax on that income. The payment due date of the fourth quarter is January 15th. The only penalty for not making an estimated tax payment is really just an interest charge on the amount that should have been paid, but only if you owe tax when you file. There is no penalty for not making an estimated payment. If you have enough withheld from other sources, or don't owe any tax, no estimated tax payments are necessary. If you do make a fourth quarter estimated tax payment, you should do so on or before January 15, of 2026.
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