- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
NO.
First, an estimated payment will be due by January 15. You can only delay to the filing date if you file and pay in full by January 31, and most people don't have all their paperwork at that point.
Second, the IRS is going to see that income as if it was spread out over the whole year, and they are going to want to see estimated payments (about $2500 each) having been paid in April 2025, June 2025, Sept 2025 and January 2026. Since you did not make those payments, you need to make the full estimated payment by January 15, 2026, and also fill out the penalty form 2210 with your tax return and use the Annualized Method (schedule AI). This shows the IRS that your income was not evenly spread out but that your payments matched your income in each quarter.