Third-Quarter Estimated Taxes Due September 15th
If you pay estimated taxes, keep in mind that your third-quarter tax payment is due on September 15th.
First Time Making Quarterly Payments
If you are new to making quarterly tax payments, remember that taxes must be paid either through withholding or estimated tax payments as income is earned.
For individuals whose primary income source is a salary or pension, your withholdings may be sufficient, and you may not need to make estimated tax payments. However, if you have significant earnings from sources where tax is not withheld—such as interest, dividends, capital gains, alimony, or self-employment income—you will likely need to make estimated tax payments to avoid penalties for underpayment.
Estimated taxes must be paid if you expect to have a tax liability of $1,000 or more when you file your return.
Tax Withholding Estimator
In order to avoid underpayment penalties, the IRS provides a Tax Withholding Estimator to help determine your federal income tax withholding. To use the tool, click here.
Paying Your Taxes
The IRS offers numerous methods to pay your taxes.
You may pay your quarterly taxes online from a bank account. This option allows you to pay now or schedule payments up to a year in advance.
For individuals and businesses, you may pay via debit card, credit card or digital wallet. Keep in mind that processing fees do apply.
Pay from IRS Account
If you have an IRS account, you may sign in or create an account. This option allows you to pay now or schedule a payment.
Other Payment Options
- Same-day wire — Bank fees may apply
- Check or money order — Through U.S. mail
- Cash — Through a retail partner and other methods
- Electronic funds withdrawal — During e-filing only
Keep in mind, if you do not pay taxes “as you earn,” you will not only have a large tax bill facing you on April 15, 2026, but also penalties and interest for underpaying your taxes throughout the year.
Questions?
As always, should you have questions on this or other matters affecting you or your business, please call 215.675.8364 or email us today.
DISCLAIMER: All communications by Wouch, Maloney & Co., LLP intend to provide general information, as of the date of the communication, and may reference information from reputable sources. Although our firm has made every reasonable effort to ensure that the information provided is accurate, we make no warranties, expressed or implied, of the information provided. Please be aware that this is not a comprehensive analysis of the subject matter covered and it is not intended to provide specific recommendations to you or your business with respect to the matters addressed.
