Do you owe estimated taxes? If so, don’t miss the Sept. 16 due date for the third installment of 2019 federal taxes due. Those who have taxable income that isn’t subject to withholding, such as self-employed individuals, retirees, investors and some who are involved in the “gig” economy, may need to pay quarterly estimated taxes. Click here for details. Those who pay taxes through withholding but also receive self-employment income, such as from a side job, can use the IRS “Tax Withholding Estimator” tool. This tool will determine the right amount of tax to have withheld from their paycheck and possibly allow them to avoid making estimated payments. Contact the Cg Team for more information. © 2019
“Estimated Tax for Individuals.” Department of the Treasury Internal Revenue Service. 2019 Form 1040-ES. https://www.irs.gov/pub/irs-pdf/f1040es.pdf.
“Tax Withholding Estimator.” Internal Revenue Service. Accessed September 10, 2019. https://www.irs.gov/individuals/tax-withholding-estimator.