Hey ,
The IRS says the final 2022 quarterly estimated tax payment is due January 17, 2023.
And you may be wondering, should you pay the final installment of the 2022 estimated tax payments? This email should guide you before making this decision.
The following will help you come up with a better answer.
You need to make the payment if you fulfill the following:
- You itemized in the past but are now taking the standard deduction
- You are a two-wage-earner household
- You are employed and have
a non-wage source of income, such as dividends
- You have a complex tax situation
- You failed to increase your tax withholding
If any of the above affects you, kindly make the final estimated tax payment by the above deadline.
Doing this helps you not to owe more taxes when you file your return, and you will also avoid late payment penalties.
Do you need me to help you file your 2022 tax return? Talk to me now.
Call us at (202) 618-1295 or email us at [email protected]