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Business & farm
Hello,
Your ES payment due dates actually are on this schedule:
Estimated tax payments are due as follows:
- January 1 to March 31 – April 15
- April 1 to May 31 – June 15
- June 1 to August 31 - September 15
- September 1 to December 31 – January 15 of the following year
You would need to estimate your regular tax due as well as the SECA tax (social security and medicare). Take into account any other income, such as passive income, and credits you may be due. You avoid any penalties by paying in 100% of the tax you paid last year (110% if you make over $150K) or 90% of the current year.
You can also use the TurboTax software to generate ES coupons or estimates to pay online. Go to the search bar and look for W4.
September 4, 2024
8:47 AM