Here are the different ways people can pay their federal taxes
The April 18 deadline for individuals to file and pay their federal income tax is just around the corner. While paying taxes is not optional, the IRS offers a variety of ways for people to pay their taxes.
Some taxpayers must make quarterly estimated tax payments throughout the year. This includes sole proprietors, partners, and S corporation shareholders who expect to owe $1,000 or more when they file. Individuals who participate in the gig economy might also have to make estimated payments. Taxpayers can pay all of their 2022 estimated taxes by April 18, 2022 or in four quarterly installments due April 18, 2022, June 15, 2022, September 15, 2022 and January 17, 2023.
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: March 23, 2022
Link to Original Article: https://www.irs.gov/newsroom/here-are-the-different-ways-people-can-pay-their-federal-taxes