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Questions about Estimated Taxes
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Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.
Login to use our calculator to determine your estimated tax payments. https://www.staging.taxsurety.com/services/payment-calculator/
You can pay all of your estimated tax by April 18, 2022, or in four equal amounts by the dates shown below.
- 1st payment …………….. April 18, 2022
- 2nd payment ……………. June 15, 2022
- 3rd payment …………….. Sept. 15, 2022
- 4th payment …………….. Jan. 17, 2023
Yes, The penalty is imposed on each underpayment for the number of days it remains unpaid. A penalty may be applied if you didn’t pay enough estimated tax for the year or you didn’t make the payments on time or in the required amount. A penalty may apply even if you have an overpayment on your tax return.