Do you oversee tax filings for yourself or your C corporation? If so, mark your calendar – the third quarter estimated tax payment is due September 15th for individuals and C corporations operating on a calendar-year schedule.
Here’s what you need to know:
- Individuals: If you expect to owe $1,000 or more in federal income tax this year (after withholding and credits), estimated tax payments are generally required.
- C Corporations: If you expect to owe $500 or more, quarterly estimated payments are also required.
For calendar-year taxpayers, the estimated payment schedule is:
- April 15
- June 15
- September 15
- December 15 for C Corporations, January 15 of the following year for individuals
(Those operating on a fiscal year follow different schedules.)
Estimated tax payments help the IRS collect taxes evenly throughout the year while also supporting more effective cash flow management. Beyond compliance, these deadlines provide an opportunity to review your strategy, gain clarity on your financial outlook, and align your planning with broader financial or business goals.
At Tobias Financial Advisors, we work closely with individuals and business owners to evaluate tax considerations in the context of their overall financial plan. If you’d like to review your estimated payment requirements or explore strategies tailored to your goals, we welcome the opportunity to start the conversation.
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