Some benefits of making quarterly estimated tax payments due 9/16

As the 9/16 deadline for the 3rd estimated tax payment approaches, below are some benefits to be aware of in making estimated tax payments:

? Not getting hit with a large tax bill at tax filing (beginning of 2025).

Although the tax is still owed, the balance due is less because of the estimated tax payments throughout the year.

? No late payment penalty or interest for underpayment of estimated tax payments throughout the year.

? Provides the taxpayer with a better understanding of their cash flow so they don’t think they have funds available when really, they have a large tax bill due.

Have a question about this or another tax-related matter? Feel free to reach out!

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