Taxpayers generally pay at least 90 percent of their taxes throughout the year through withholding, estimated tax payments or a combination of the two. If they don’t, they may owe an estimated tax penalty.
For tax-year 2018, the remaining estimated tax payment due dates are Sept. 17, 2018 and Jan. 15, 2019.
Estimated tax payments are the methods used to pay taxes on income that is not subject to withholding.
This income includes earnings from self-employment, interest, dividends, rents, and alimony. Taxpayers who do not choose to have taxes withheld from other taxable income should also make estimated tax payments.
If you require tax help, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com