{"id":158,"date":"2021-11-22T07:00:14","date_gmt":"2021-11-22T07:00:14","guid":{"rendered":"https:\/\/drmohammadsalehi.ir\/?p=158"},"modified":"2024-05-06T10:12:14","modified_gmt":"2024-05-06T10:12:14","slug":"how-do-i-make-estimated-tax-payments","status":"publish","type":"post","link":"https:\/\/drmohammadsalehi.ir\/index.php\/2021\/11\/22\/how-do-i-make-estimated-tax-payments\/","title":{"rendered":"How do I make estimated tax payments?"},"content":{"rendered":"

\"how<\/p>\n

But it might not be an accurate amount if you don’t know exactly how much you’ll make for the rest of the year\u2014and that could lead to an underpayment penalty. Waiting to pay until the end of the year could also result in an underpayment penalty\u2014because you’ll have missed earlier quarterly deadlines to pay\u2014plus interest charges. Instead of trying to make 1 lump sum payment, it’s recommended to make estimated payments by the quarterly due dates.<\/p>\n<\/p>\n

When should taxpayers use this tool?<\/h2>\n<\/p>\n

To begin, take your income taxes from the previous year to identify a baseline. Then, factor in any changes in workload, rates, or projects you expect to happen throughout the year. This strategy doesn\u2019t take into account any expenses that might be used to offset your income tax. If you have a lot of expenses, this strategy might mean you overpay on income tax. However, you can have that overpayment applied to next year\u2019s tax liability, which will reduce your quarterly estimated taxes next year. Don\u2019t worry about estimated tax payments if you expect to owe only a small amount of tax.<\/p>\n<\/p>\n