Estimated Taxes
If you owe taxes with your Federal or State Income Tax Return, you can submit payment with the return or manually pay them later. Let’s look at the easiest ways to see your estimated income taxes.
Paying Estimated Taxes
You will need to pay estimated taxes for each quarter by the due date. Notice that the quarters for estimated taxes are not calendar quarters. Below are the quarters and the due dates for each estimated payments.
Estimated Tax Due Dates
| Quarter | Estimated Tax Due Date |
|---|---|
| January 1 – March 31 (3 Months) | April 15 |
| April 1 – May 31 (2 Months) | June 15 |
| June 1 – August 31 (3 Months) | September 15 |
| September 1 – December 31 (4 Months) | January 15 (following year) |
Want to Get a Reminder to Pay Quarterly Taxes?
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The easiest way to pay estimated taxes is to submit them online.
Submitting Payments (Federal)
Use the IRS Direct Pay system to submit online. Select “Estimated Tax” for the Reason. The other two should default correctly, but double-check that the year is correct.
Submitting Payments (WI)
Pay WI State Estimated Income Tax using their Quick Pay system.
Submitting Payments (MN)
Pay MN State Estimated Income Taxes using their Quick Pay system.
Have other questions? Email us at Team@LaxFP.com, and our team will get back to you.
This article is educational only and is not intended to be investment, legal, or tax advice or recommendations, whether direct or incidental. Again, this is not investment advice. Consult your financial, tax, and legal professionals for specific advice related to your specific situation. Never take investment advice from someone who doesn’t know you and your specific situation. All opinions expressed in this article are those of the people expressing them. Any performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be directly invested in.
