estimated tax payments - Linkenheimer LLP CPAs & Advisors

Individual Q4 Estimated Tax Payment Reminder: January 15, 2026 Deadline

If you make quarterly estimated tax payments, mark your calendar: the final due date is January 15, 2026, which applies to income earned in the fourth quarter of 2025. This applies to self-employment income, investment earnings, rental income, capital gains, and any other income not subject to regular withholding. Year-end surprises like bonuses, stock dividends, or crypto gains may also require a payment.

Don’t forget about state estimated taxes. Most states that impose income tax also require quarterly estimated payments, and many follow the same January 15 deadline as the IRS—but not all. Check your state’s requirements to avoid unexpected penalties when you file.

The IRS strongly encourages electronic payment. You may pay online using IRS Direct Pay, the Electronic Federal Tax Payment System (EFTPS), or by using a credit card, debit card, or digital wallet. (Internal Revenue Service) These options give you instant confirmation and eliminate mail delays. Missing this deadline can trigger underpayment penalties when you file your 2025 return.

Questions about what you owe or whether you need to make a payment? Give us a call before year-end so we can help you […]

By Linkenheimer LLP|2025-12-03T21:17:59+00:00December 3rd, 2025|deadline, estimated tax payments|0 Comments

2025 Estimated Tax Payments: What You Need to Know

Mark Your Calendar

The third installment of 2025 estimated taxes is due Monday, September 15.

Heads Up: IRS Changed Their Mailing Address If you’re mailing paper checks to the IRS with form 1040-ES and live in one of these states, there’s a new address as of August 22:

Alaska, California, Colorado, Hawaii, Idaho, Kansas, Michigan, Montana, Nebraska, Nevada, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Utah, Washington, Wyoming

New Address: P.O. Box 1300, Charlotte, NC 28201-1300

The IRS has also changed the mailing address for form 1040-V for the 2024 tax year. Taxpayers in Alaska, Arizona, California, Colorado, Hawaii, Idaho, Kansas, Michigan, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oregon, Pennsylvania, South Dakota, Utah, Washington, and Wyoming must now send payments to:

New Address: P.O. Box 93100, Louisville, KY 40293-1000

Don’t panic if you already sent it to the old address—the IRS says they’ll forward it and won’t penalize you. But hey, maybe this is the universe telling you it’s time to pay electronically?

Quick Note About Tax Changes The One Big Beautiful Bill Act (OBBBA) passed this July and includes several new deductions and credits that might affect your 2025 taxes.

Questions about how OBBBA might impact your specific situation? […]

By Linkenheimer LLP|2025-08-26T21:01:45+00:00August 25th, 2025|estimated tax payments|0 Comments

Don’t Let Q2 Estimate Tax Payments Slip Through Your Fingers

June is here, and you know what that means – Q2 estimated tax payments are knocking on your door like that friend who always shows up right when you’re settling in for a Netflix binge.

The not-so-fun deadline: June 16, 2025 (because June 15th falls on a Sunday, and even the IRS takes weekends off sometimes).

Here’s the thing – we get it. Quarterly payments feel like that recurring meeting you keep meaning to cancel but somehow never do. But here’s why staying on top of them is actually your friend:

For individuals: If you’re self-employed, have investment income, or your withholding isn’t quite covering your tax bill, these payments keep you from facing a surprise party you definitely didn’t plan for come April.

For businesses: Whether you’re a corporation making those estimated payments or managing payroll tax deposits, consistent payments mean better cash flow planning and fewer “why didn’t anyone tell me?” moments.

Pro tip from the trenches: Set up automatic payments through EFTPS or your bank. Future you will thank present you when you’re not scrambling to make payments while juggling client calls and that […]

By Linkenheimer LLP|2025-06-14T15:53:09+00:00June 14th, 2025|estimated tax payments|0 Comments

An Essential Tax Deadline is Coming Up

Mark your calendars and stock up on coffee—Tuesday, April 15, 2025, is just around the corner. Yes, it’s that special day when accountants celebrate their “New Year’s Eve,” fueled by spreadsheets, calculators, and an unhealthy amount of caffeine. For taxpayers, it’s the infamous annual filing deadline, but wait—there’s more! It’s also the day the IRS expects your first quarterly estimated tax payment for 2025. That’s right, it’s a double-header of deadlines designed to keep you and your CPA on your toes.

Basic details

You may have to make estimated tax payments for 2025 if you receive interest, dividends, alimony, self-employment income, capital gains, prizes or other income. If you don’t pay enough tax through withholding and estimated payments during the year, you may be liable for a tax penalty on top of the tax that’s ultimately due.

Estimated tax payments help ensure that you don’t wind up owing one large lump sum — and possibly underpayment penalties — at tax time.

When payments are due

Individuals must pay 25% of their “required annual payment” by April 15, June 15, September 15, and January 15 […]

By Linkenheimer LLP|2025-04-10T22:19:26+00:00April 10th, 2025|estimated tax payments, tax deadlines|0 Comments

Estimated Tax Payments: Who Owes Them And When Is The Next One Due?

If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains or other income. Here are the applicable rules for paying estimated tax without triggering the penalty for underpayment.

When are the payments due?

Individuals must pay 25% of a “required annual payment” by April 15, June 15, September 15, and January 15 of the following year, to avoid an underpayment penalty. If one of those dates falls on a weekend or holiday, the payment is due on the next business day.

So the third installment for 2022 is due on Wednesday, September 15. Payments are made using Form 1040-ES.

How much should you pay?

The required annual payment for most individuals is the lower of 90% of the tax shown on the current year’s return or 100% of the tax shown on the return for the previous year. However, if the adjusted gross income on your previous year’s return was more than $150,000 ($75,000 if you’re married filing separately), you must pay the lower of 90% of the tax shown on the […]

By Linkenheimer LLP|2022-08-18T17:07:55+00:00August 18th, 2022|estimated tax payments|0 Comments