- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Is it worth backpaying a missed quarterly tax estimate payment?
I want to perform payments in addition to my standard withholdings. However, I missed the Q3 deadline (9/15). Is there any point to still making a payment for Q3 after the deadline? (i.e. paying both Q3 and Q4 payments now)
Topics:
October 3, 2021
9:13 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Sure you can pay any amount you want. It really goes by the date you make the payment. When you enter the payments in next year you enter the date you paid. So the sooner the better to avoid interest or penalties. It may make a difference.
October 3, 2021
9:16 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
One thing I pulled out of your answer was interest. So if I am penalized, I will avoid further accrued interest by paying now?
October 3, 2021
9:21 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Correct ... it can reduce or eliminate the interest.
October 4, 2021
6:35 AM
428 Views