Last Call for 2024 Estimated Taxes: Payment Due January 15

The IRS has issued a reminder that the deadline for the final 2024 quarterly estimated tax payment is January 15, 2025. This payment is crucial for individuals with income not subject to withholding—such as self-employed workers, gig economy participants, and those with investment earnings—to avoid penalties for underpayment. Taxpayers are urged to include all taxable income, including bonuses, dividends, and profits from property sales, when calculating their payment. Payments can be made using the IRS Online Account, Direct Pay, or EFTPS. To assist taxpayers, the IRS recommends using the Tax Withholding Estimator or reviewing Form 1040-ES.

If you would like to read more, please visit:

https://www.irs.gov/newsroom/irs-reminder-final-2024-quarterly-estimated-tax-payment-due-jan-15