When Are 2021 Estimated Tax Payments Due?

When Are 2021 Estimated Tax Payments Due?

• Taxes
• August 21, 2021

Our tax system operates on a "pay-as-you-go" basis, which means the IRS wants its cut of your income when you earn it. For employees, the government gets paid through tax withholding each time you get a paycheck. Retirees can have taxes withheld from Social Security payments and retirement plan distributions, too. However, if you're self-employed or don't have taxes withheld from other sources of taxable income (such as interest, dividends, or capital gains), it's up to you to periodically pay the IRS by making estimated tax payments.

For the 2021 tax year, you can pay all your estimated tax by April 15, 2021, or in four equal amounts by the dates shown in the table below.

Due Dates for 2021 Estimated Tax Payments

You don't have to make the payment due January 18, 2022, if you file your 2021 tax return by January 31, 2022, and pay the entire balance due with your return.

Full Article: https://www.kiplinger.com/taxes/tax-deadline/602538/when-are-2021-estimated-tax-payments-due