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Returning Member
posted Oct 12, 2019 11:22:00 PM

When do I pay estimated taxes given I made 60K on W2 (4K IRS w/h, 2K CA w/h) and then self-employed with lump sum income of 24K received on 10/2/19? Note: 2018 tax was 9K

I am married, filing jointly. Wife does not work. The 60K was made between 1/1/19 and 5/31/19. Then, I was laid off. A self-employed opportunity starting 7/15/19 and ended 9/13/19 paying me one time (24K) on 10/2/19. Other misc income consists of playing music and receiving unemployment, together totaling another 5K to date.

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3 Replies
Level 15
Oct 13, 2019 4:48:56 AM

An estimated tax payment for any SE income made between 9/1/2019 and 12/31/2019 is supposed to be paid-in to the IRS before 1/15/2020.   (CA has the same deadline)   . 

 

But don't push the deadline, and keep a copy of any payment confirmations if you pay Online, or if you paper mail-in by check, use a tracking method at the Post Office as proof of date mailed, and receipt by each taxing authority.

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You can arrange an online 4th Qtr estimated payment by Federal Direct Debit here:

https://www.irs.gov/payments/direct-pay

 

Or use the 4th Qtr form on their PDF to mail it in:

https://www.irs.gov/pub/irs-pdf/f1040es.pdf

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CA should have some similar website at the FTB webpage for either Online payment, or pay-by-mail PDF forms

Level 1
Apr 6, 2020 2:12:33 PM

Question was when do I pay my first quarter CA  and federal estimated taxes for 2020?

Expert Alumni
Apr 6, 2020 3:09:02 PM

Your first quarter payments for CA and the federal must be postmarked by July 15, 2020.