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New Member
posted Jan 3, 2025 8:51:44 AM

Can I still pay estimated taxes due Jan. 15 based on last year's income & not get penalized when filing 2024 return, even though 2024 income is $1000s more than in 2023?

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1 Replies
Level 15
Jan 3, 2025 8:59:02 AM

You have until January 15, 2025 to pay the 4th quarter 2024 estimated tax payment 

Go to this IRS payment website to make an estimated tax payment - https://www.irs.gov/payments

 

See this IRS website for information on the underpayment of the estimated tax penalty - https://www.irs.gov/payments/underpayment-of-estimated-tax-by-individuals-penalty