The Internal Revenue Service reminds taxpayers who pay estimated taxes that the deadline to submit their third quarter payment is September 15, 2022.
Estimated Tax Payment Deadline is September 15, 2022
Taxpayers not subject to withholding, such as those who are self-employed, investors, or retirees, may need to make quarterly estimated tax payments. Taxpayers with other income not subject to withholding, including interest, dividends, capital gains, alimony, cryptocurrency, and rental income, also normally make estimated tax payments.
In most cases, taxpayers should make estimated tax payments if they expect:
- To owe at least $1,000 in taxes for 2022 after subtracting their withholding and tax credits.
- Their withholding and tax credits to be less than the smaller of:
- 90% of the tax to be shown on their 2022 tax return or
- 100% of the tax shown on their 2021 tax return. Their 2021 tax return must cover all 12 months.
For more info, talk to your CPA or visit learn more about Estimated Tax Payments on the IRS website. https://www.irs.gov/newsroom/irs-sept-15-is-the-deadline-for-third-quarter-estimated-tax-payments
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