https://ttlc.intuit.com/community/taxes/discussion/re-i-ve-large-capital-gains-for-1st-qtr-21-to-avoid-state-penalties-do-i-have-to-pay-my-illinois/01/2037224#M734056 <P>illinois&nbsp; - on a timely basis estimates and withholding must equal 100% of 2020 tax or 90% of 2021 tax.</P> <P>timely basis 1/4 by 4/15/2021 1/2 by 6/15/2021 3/4 by 9/15/2021 100% by 12/31/2021 except the fourth quarter estimate can be paid by 1/15/2022</P> <P>also no penalty if the balance due after subtracting withholding only from tax liability is $1000 or less/</P> <P>see IL 2210.</P> <P><A href="https://www2.illinois.gov/rev/forms/incometax/Documents/currentyear/individual/IL-2210.pdf" target="_self">https://www2.illinois.gov/rev/forms/incometax/Documents/currentyear/individual/IL-2210.pdf</A>&nbsp;</P> Sat, 06 Mar 2021 19:03:02 GMT Mike9241 2021-03-06T19:03:02Z https://ttlc.intuit.com/community/taxes/discussion/i-ve-large-capital-gains-for-1st-qtr-21-to-avoid-state-penalties-do-i-have-to-pay-my-illinois-2021/01/2037165#M734029 Sat, 06 Mar 2021 18:51:57 GMT https://ttlc.intuit.com/community/taxes/discussion/i-ve-large-capital-gains-for-1st-qtr-21-to-avoid-state-penalties-do-i-have-to-pay-my-illinois-2021/01/2037165#M734029 willdp 2021-03-06T18:51:57Z https://ttlc.intuit.com/community/taxes/discussion/re-i-ve-large-capital-gains-for-1st-qtr-21-to-avoid-state-penalties-do-i-have-to-pay-my-illinois/01/2037224#M734056 <P>illinois&nbsp; - on a timely basis estimates and withholding must equal 100% of 2020 tax or 90% of 2021 tax.</P> <P>timely basis 1/4 by 4/15/2021 1/2 by 6/15/2021 3/4 by 9/15/2021 100% by 12/31/2021 except the fourth quarter estimate can be paid by 1/15/2022</P> <P>also no penalty if the balance due after subtracting withholding only from tax liability is $1000 or less/</P> <P>see IL 2210.</P> <P><A href="https://www2.illinois.gov/rev/forms/incometax/Documents/currentyear/individual/IL-2210.pdf" target="_self">https://www2.illinois.gov/rev/forms/incometax/Documents/currentyear/individual/IL-2210.pdf</A>&nbsp;</P> Sat, 06 Mar 2021 19:03:02 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-ve-large-capital-gains-for-1st-qtr-21-to-avoid-state-penalties-do-i-have-to-pay-my-illinois/01/2037224#M734056 Mike9241 2021-03-06T19:03:02Z https://ttlc.intuit.com/community/taxes/discussion/re-i-ve-large-capital-gains-for-1st-qtr-21-to-avoid-state-penalties-do-i-have-to-pay-my-illinois/01/2130805#M766992 <P>Thank You</P> Wed, 24 Mar 2021 20:34:35 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-ve-large-capital-gains-for-1st-qtr-21-to-avoid-state-penalties-do-i-have-to-pay-my-illinois/01/2130805#M766992 willdp 2021-03-24T20:34:35Z