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Usually, taxation is pretty cumbersome. The importance of the event puts some pressure on the individual, and filling out the form can be challenging. Every character in the 1040es 2018 estimated tax for 2024 matters at such a crucial moment, so filling out a printed form might take a lot more time and effort than an electronic one. To make this process more efficient, use DocHub and complete your taxation year effortlessly.

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Estimated tax payments are typically due on April 15, June 15, and September 15 of the current year and then January 15 of the following year. You can skip the final (January 15) estimated tax payment if you will file your return and pay all the tax due by February 1.
If your previous years adjusted gross income was more than $150,000 (or $75,000 for those who are married and filing separate returns last year), you will have to pay in 110 percent of your previous years taxes to satisfy the safe-harbor requirement.
You can also make your estimated tax payments through your online account, where you can see your payment history and other tax records. Go to IRS.gov/account.
If you dont pay enough tax through withholding and estimated tax payments, you may have to pay a penalty. You also may have to pay a penalty if your estimated tax payments are late, even if you are due a refund when you file your tax return.
Theres no consequence from the IRS if you overpay, although it might not sit well with you knowing that you gave more money to the IRS than was needed. The good news is that youll most likely receive a tax refund, so your money will be safe and sound after all.
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People also ask

Payment receipts can come in a few different forms because the IRS doesnt issue a formal receipt when theyve successfully processed your payments.
If you miss the deadline for a quarterly tax payment, the IRS automatically charges you 0.5% of the amount that you didnt pay for each month that you dont pay, up to 25%. To find out how much you owe up to this point, you can use a tax penalty calculator.
To determine estimated taxes paid, you can first check your bank account or credit card records. Look at the statements for the months you made payments. You can also get a transcript of your past tax returns online from .IRS.gov/Individuals/Get-Transcript.

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