You may still be reeling from paying your 2023 taxes by the April 15, 2024, due date. And if you’re required to make estimated payments, you probably also made your first estimated payment for 2024 by April 15. But don’t relax yet. The next estimated payment due date for 2024 income is rolling up fast, on June 17. The final two estimated tax payments for 2024 are due on Sept. 16 and Jan. 15, 2025. Farmers, fisherman and others whose income is earned unevenly through the year may have different rules. If you don’t pay enough tax during the year, either through withholding or estimated tax payments, you may owe a penalty for underpayment of tax. Questions? We can help.
