Making estimated tax payments is a requirement for individuals and trusts who owe taxes throughout the year. The IRS provides several options for making these payments, including by mail, online, phone, or mobile device. To pay by mail, you can use Form 1040-ES. This form can be found in Publication 505, which provides guidance on withholding money.
Alternatively, you can pay online using an individual or trust online service account. You can pay directly from your bank account or by credit card, although there may be a commission fee associated with the latter option. The IRS2Go app is another option for making estimated tax payments. This app is available for both iOS and Android devices and allows you to make payments from your mobile device.
It’s important to note that estimated tax payments are due quarterly. The due dates for these payments are April 15th, June 15th, September 15th, and January 15th of the following year. If you fail to make these payments on time, you may be subject to penalties and interest.
Making estimated tax payments is a requirement for individuals and trusts who owe taxes throughout the year. The IRS provides several options for making these payments, including by mail, online, phone, or mobile device. To pay by mail, you can use Form 1040-ES. This form can be found in Publication 505, which provides guidance on withholding money.
Alternatively, you can pay online using an individual or trust online service account. You can pay directly from your bank account or by credit card, although there may be a commission fee associated with the latter option. The IRS2Go app is another option for making estimated tax payments. This app is available for both iOS and Android devices and allows you to make payments from your mobile device.
It’s important to note that estimated tax payments are due quarterly. The due dates for these payments are April 15th, June 15th, September 15th, and January 15th of the following year. If you fail to make these payments on time, you may be subject to penalties and interest.