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Can I choose not to pay estimated taxes?

You can even skip making the single estimated tax payment as long as you file your tax return by March 1 and pay any tax due in full.

What happens if you miss a quarterly estimated tax payment?

If you forget to pay your quarterly estimated tax, the IRS will proceed to throw interest and penalty charges your way. If you forget, it doesnt mean they will forget as well. In the beginning, the IRS will probably dock a tax or somewhere around 5% of what you owe.

When can I pay 2022 estimated taxes?

So, for example, if you didnt have any taxable income in 2022 until August, you dont have to make an estimated tax payment until September 15. At that point, you can either pay your entire estimated tax by the September 15 due date or pay it in two installments by September 15 and January 17.

How do I check my state taxes Indiana?

By telephone at 317-232-2240 (option 3) to access the automated refund line. Please allow two to three weeks of processing time before calling.

Does Indiana require estimated tax payments?

Indiana follows the IRS standards for estimated payments. If you will owe $1000 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments.

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