Federal Tax, Tax

Final Quarterly Tax Payments Due

The deadline to make a final estimated quarterly tax payment for 2022 is Jan. 17, 2023. Many taxpayers who should be paying taxes this way overlook this important task. That’s why the IRS is urging those who paid too little in 2022 to not miss this deadline and possibly avoid a surprise tax bill or penalty when they file their returns. Quarterly payments should be made by taxpayers who earn or receive income or payments that aren’t subject to tax withholding. This includes self-employed persons, independent contractors and investors. Contact the Cg Team with questions or click this IRS link for details about who needs to make estimated payments: https://bit.ly/3ikuQFO. © 2022