What dates are estimated taxes due in 2021?
Due Dates for 2021 Estimated Tax Payments
| Payment | When Income Earned in 2021 | Due Date |
|---|---|---|
| 1st Payment | January 1 to March 31 | April 15, 2021 |
| 2nd Payment | April 1 to May 31 | June 15, 2021 |
| 3rd Payment | June 1 to August 31 | September 15, 2021 |
| 4th Payment | September 1 to December 31 | January 18, 2022 |
What are the due dates for estimated tax payments 2020?
As of now, deadlines for estimated taxes for the 2020 tax year are:
- July 15 for the first and second estimates.
- Sept. 15 for the third estimate.
- Jan. 15, 2021 for the fourth estimate.
Why do I need to pay estimated taxes for 2021?
Generally, taxpayers need to make estimated tax payments if they expect to owe $1,000 or more when they file their 2021 tax return, after adjusting for any withholding. Corporations generally must make these payments if they expect to owe $500 or more on their 2021 tax return.
Why are estimated taxes due in June?
Since individuals and most businesses report taxes on a calendar year, the fourth quarter needed to continue to end on Dec 31 which meant the Jan 15 due date could not be changed, that left April and July 15 dues dates that could change.
How do I pay estimated taxes 2021?
As a partner, you can pay the estimated tax by:
- Crediting an overpayment on your 2020 return to your 2021 estimated tax.
- Mailing your payment (check or money order) with a payment voucher from Form 1040-ES.
- Using Direct Pay.
- Using EFTPS: The Electronic Federal Tax Payment System.
Are taxes due on April 15th?
Estimated taxes are due quarterly and must be submitted with Form 1040-ES. Here’s when those payments are due: First-quarter payments: April 15. Second-quarter payments: June 15.