Taxes can be a headache, but the IRS actually does give you a few tools to avoid overpaying—or worse, getting hit with a surprise bill.
- If you’re a W-2 employee who usually ends up owing, now’s the time to tweak that withholding. Don’t wait until next tax season to find out your paycheck was playing it too cool. A tax advising session can help with quick verbal guidance—or request a written estimate if you want something more official than “I think you’re good.”
- Got income that skips the whole withholding thing? Think: self-employment, rentals, or investments. Then you’re officially in Estimated Quarterly Tax territory. Time to channel your inner accountant—payments are due April 15, June 15, September 15, and January 15. See the IRS schedule here.
Remember your estimates aren’t set in stone. If your income or deductions shift mid-year, your payments can too. Check in periodically to make sure you’re not leaving savings on the table—or opening the door to penalties.
Estimated Tax Support
Life changes—so do your taxes. That’s where a tax advisor comes in handy -think of us as your financial weather forecaster.
Request a written projection through your client portal to map out your quarterly tax obligations based on your projected income and deductions—no crystal ball required.
Making timely estimated payments keeps the IRS from sending love notes in the form of penalties and interest.