estimated taxes

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Do I file estimated taxes at the beginning or the end of a quarter?

Ask the Experts - SelfEmployed - Feb 2024

DianeW777Answer

Alumni - Intuit

You should file the estimated taxes at the end of each quarter, however due to the government's fiscal year the second quarter is not a full quarter.

Per the instructions for Form 1040-ES -- Estimated taxes are paid each quarter as shown below. TurboTax can help you estimate your payments for each quarter.

You can pay all of your estimated tax by April 15, 2024, or in four equal amounts by the dates shown below.

1st payment . . . . . . . . . . . . . . . . . April 15, 2024

2nd payment . . . . . . . . . . . . . . . . June 17, 2024

3rd payment . . . . . . . . . . . . . . . . . Sept. 16, 2024

4th payment . . . . . . . . . . . . . . . . . Jan. 15, 2025*

* You don’t have to make the payment due January 15, 2025, if you file your 2024 tax return by January 31, 2025, and pay the entire balance due with your return.

@Tyhawker

[Edited: 02/28/2024 | 7:47 PM PST]

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DianeW777Answer

Alumni - Intuit

You should file the estimated taxes at the end of each quarter, however due to the government's fiscal year the second quarter is not a full quarter.

Per the instructions for Form 1040-ES -- Estimated taxes are paid each quarter as shown below. TurboTax can help you estimate your payments for each quarter.

You can pay all of your estimated tax by April 15, 2024, or in four equal amounts by the dates shown below.

1st payment . . . . . . . . . . . . . . . . . April 15, 2024

2nd payment . . . . . . . . . . . . . . . . June 17, 2024

3rd payment . . . . . . . . . . . . . . . . . Sept. 16, 2024

4th payment . . . . . . . . . . . . . . . . . Jan. 15, 2025*

* You don’t have to make the payment due January 15, 2025, if you file your 2024 tax return by January 31, 2025, and pay the entire balance due with your return.

@Tyhawker

[Edited: 02/28/2024 | 7:47 PM PST]

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Mike9241

Level 15

each estimated tax form has a due date. to be timely the payment must be made on or before the due date look at page 2 of filing instructions if you need to refer back but they should be at the top of the form when you print them out.

anyway they are for 2024

4/15/2024

6/17/2024

9/16/2024

1/15/2025

you do not have to use them.

you can register at IRS website and make the payments online (nothing to mail so nothing gets lost in the mail). most if not all states also have a website for payment

you do need to enter accurate info - personal, banking/credit card/ year they're for and the type which is 'estimated taxes"

https://www.irs.gov/payments

Mike9241