If you owe fourth-quarter estimated taxes for the 2021 tax year, time is running out to get the payment in and avoid a penalty. The deadline is Tuesday, January 18 for those who file estimated taxes because of income from self-employment, independent contracting, investments, small businesses, side gigs and similar work.
Taxpayers who paid too little in estimated taxes last year can also avoid a tax-time bill and possible penalty by making the quarterly estimated tax payment on Jan. 18, the IRS said on its website. This is especially important if you forgot to make estimated payments in 2021.
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