Personal Finance and Investing

progree

(11,493 posts)

9. Here's a Kiplinger article on what periods the estimated taxes cover

Fri Sep 11, 2020, 08:11 PM

Sep 2020

https://www.kiplinger.com/article/taxes/t056-c005-s001-when-are-2019-estimated-tax-payments-due.html
Its not like what I said before upthread. For example April 15 payment covers Jan 1- March 31 (3 months) as expected. But June 15 covers only April 1 - May 31 (2 months). Then the Sept 15 payment covers June 1 - August 31 (3 months), and the January 15 payment covers Sept 1 - Dec 31 (4 months).

I'm in the process of finding my Form 2210 which should tell me more or less .. thought I had it printed, but nope. Anyway it has all the stuff needed to calculate the penalty, and it's a quarter-by-quarter thing.

I've been paying 4th quarter federal taxes the following January 15, but paying 4th quarter state taxes in December to, like you, deduct them in current year taxes.

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Do estimated taxes have to be the same each quarter? [View all] question everything Sep 2020 OP

I don't send the same amount every quarter wryter2000 Sep 2020 #1

Thanks. question everything Sep 2020 #2

You should probably wait until some others chime in wryter2000 Sep 2020 #3

I will. Have four more days in this month question everything Sep 2020 #4

No, but you may have a penalty, and you will have to fill out Form 2210 to annualize progree Sep 2020 #5

There you go wryter2000 Sep 2020 #6

Thanks. This is what I thought question everything Sep 2020 #7

One more point question everything Sep 2020 #8

Here's a Kiplinger article on what periods the estimated taxes cover progree Sep 2020 #9