Federal Tax, Tax

Estimated Tax Payments Due Soon

The due date for the first estimated tax payment for 2022 is rolling up fast. April 18 is the deadline to pay the first installment of 2022 estimated taxes, as well as the deadline to file your 2021 individual tax return. Who must pay estimated tax? Generally, individuals who have taxable income that isn’t subject to withholding must make estimated payments if they expect to owe tax of $1,000 or more when they file their tax returns. With the rise of the gig economy, many more people, such as rideshare drivers, are now required to make estimated tax payments. If you’re not sure if this includes you, contact us or click here to learn more. © 2022