turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Estimated taxes to be paid every quarter? Can it be done once a year?

I know it has to be done every quarter but can I pay all of it just once and be done with it?

'

Or IRS imposes 4 payments as a rule?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Estimated taxes to be paid every quarter? Can it be done once a year?

As I wrote, you have to pay before the payment is due so if you pay the total for the year in one payment, you would have to pay before April 15. If you have already paid the April amount you can pay for the remaining year now in one payment. 

View solution in original post

4 Replies

Estimated taxes to be paid every quarter? Can it be done once a year?

The IRS would be happy to have all of it paid before the due dates. 

Estimated taxes to be paid every quarter? Can it be done once a year?

so does that mean I can pay only 1 time and be done with it? Say December 30 ?

Estimated taxes to be paid every quarter? Can it be done once a year?

you must make quarterly payments on or before the due date(s), or risk penalties for not making a payment.

Estimated taxes to be paid every quarter? Can it be done once a year?

As I wrote, you have to pay before the payment is due so if you pay the total for the year in one payment, you would have to pay before April 15. If you have already paid the April amount you can pay for the remaining year now in one payment. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies