Join Early Retirement Today
Reply
 
Thread Tools Display Modes
2018 4Q Est Taxes due Tuesday
Old 01-13-2019, 04:44 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Nov 2011
Posts: 3,865
2018 4Q Est Taxes due Tuesday

A reminder: the final estimated tax payment of 2018 is due on the 15th.
GrayHare is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-13-2019, 04:49 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Dec 2015
Posts: 1,155
Does anyone have a link handy to the IRS site that explains how to do this?
24601NoMore is offline   Reply With Quote
Old 01-13-2019, 05:12 PM   #3
Recycles dryer sheets
 
Join Date: Jun 2010
Location: Southwest Florida
Posts: 470
Just download Form 1040-ES and mail it in with a check.
Gill
Gill is offline   Reply With Quote
Old 01-13-2019, 05:12 PM   #4
Recycles dryer sheets
Involuntary Retiree's Avatar
 
Join Date: Jul 2018
Posts: 138
https://directpay.irs.gov/directpay/...execution=e1s1
Involuntary Retiree is offline   Reply With Quote
Old 01-13-2019, 05:17 PM   #5
Recycles dryer sheets
 
Join Date: Jun 2018
Posts: 276
If you have already paid 100% (110% to be safe) of what you owed in total for 2017, you don't have to pay any more right now.

I hope I have that right. I owe about $50,000 but I didn't pay much tax last year (like $600) and I made a 1Q 2018 estimated tax payment of $2000.

So essentially the IRS can go take a long walk off a short pier until April.

I can make a few hundred off that $50k by putting it in a saving account until then.
gstillson is offline   Reply With Quote
Old 01-13-2019, 05:21 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Posts: 1,590
2018 Form 1040-ES
socca is offline   Reply With Quote
Old 01-13-2019, 05:42 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2009
Posts: 6,679
You can also use DirectPay, as described in another thread, to quickly and easily make the payment using ACH. I have been using it the last few years to make my 4th quarter estimated tax payment (the only one I make per year).
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is offline   Reply With Quote
Old 01-13-2019, 06:23 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
Already scheduled via eftps.gov
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 01-14-2019, 08:44 AM   #9
Thinks s/he gets paid by the post
 
Join Date: Jun 2014
Posts: 1,188
Underpayment penalty of $2. Last year it was $17, so I'm getting closer.

I'm usually +/- $50 up until I plug in my ACA credits and then I'm way off.
karen1972 is offline   Reply With Quote
Old 01-14-2019, 11:02 AM   #10
Thinks s/he gets paid by the post
rk911's Avatar
 
Join Date: Dec 2018
Location: DuPage County IL
Posts: 2,697
[QUOTE=RetireSoon;2172318]Does anyone have a link handy to the IRS

https://www.eftps.gov/

we've been using this for years to set up auto debits from a bank account.
rk911 is offline   Reply With Quote
Old 01-14-2019, 11:08 AM   #11
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
Quote:
Originally Posted by audreyh1 View Post
Already scheduled via eftps.gov
+1

I never have to think about these payments. Instead I choose to keep enough in checking at all times to cover them. I love this method because I am very forgetful and this way it is always paid right on time.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.

Happily retired since 2009, at age 61. Best years of my life by far!
W2R is offline   Reply With Quote
Old 01-14-2019, 02:43 PM   #12
Thinks s/he gets paid by the post
jfn111's Avatar
 
Join Date: Jan 2014
Location: Bloomington, MN
Posts: 1,125
I like to mail them a check because it takes them awhile to cash it.
jfn111 is offline   Reply With Quote
Old 01-14-2019, 02:50 PM   #13
Thinks s/he gets paid by the post
 
Join Date: Aug 2013
Location: North
Posts: 4,023
Quote:
Originally Posted by jfn111 View Post
I like to mail them a check because it takes them awhile to cash it.
+1. And I mail this check around 3pm to make sure it takes that extra day
__________________
Time > $$$ ~ 100% equities ~ FIRE @2031
kgtest is offline   Reply With Quote
Old 01-14-2019, 03:48 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,973
Quote:
Originally Posted by RetireSoon View Post
Does anyone have a link handy to the IRS site that explains how to do this?
https://www.irs.gov/payments

I select "Direct Pay" as I use the free bank ACH payment.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 01-14-2019, 05:25 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
I expect that my savings account will notify me around 8am tomorrow that the IRS has pulled out a pretty significant sum!!!
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 01-14-2019, 06:00 PM   #16
Thinks s/he gets paid by the post
Bryan Barnfellow's Avatar
 
Join Date: Feb 2004
Location: Switzerland
Posts: 1,045
I've been using the IRS direct debit site for about 6 years now and find it to be very useful. However, it would be more useful if you could schedule your four quarterly payments all at once. Instead, it only allows scheduling debits within a 30 day period of payment due date. So, I still need to program my calendar to remind me througout the year to schedule the others, one at a time.

-BB
__________________
FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.
Bryan Barnfellow is offline   Reply With Quote
Old 01-14-2019, 06:46 PM   #17
Recycles dryer sheets
cranberryjoe's Avatar
 
Join Date: May 2013
Location: Western US
Posts: 226
Quote:
Originally Posted by Bryan Barnfellow View Post
I've been using the IRS direct debit site for about 6 years now and find it to be very useful. However, it would be more useful if you could schedule your four quarterly payments all at once. Instead, it only allows scheduling debits within a 30 day period of payment due date. So, I still need to program my calendar to remind me througout the year to schedule the others, one at a time.

-BB
The eftps.gov site lets you schedule all four payments at once.
cranberryjoe is offline   Reply With Quote
Old 01-14-2019, 06:48 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
Quote:
Originally Posted by cranberryjoe View Post
The eftps.gov site lets you schedule all four payments at once.
Yes - this is a very nice feature. I have used it for the years where I set up equal quarterly payments, and it's so nice not to have to mess with it for a year!
__________________
Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 01-14-2019, 07:20 PM   #19
Thinks s/he gets paid by the post
Bryan Barnfellow's Avatar
 
Join Date: Feb 2004
Location: Switzerland
Posts: 1,045
Quote:
Originally Posted by cranberryjoe View Post
The eftps.gov site lets you schedule all four payments at once.
Thanks. I didn't know that was possible there.

-BB
__________________
FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.
Bryan Barnfellow is offline   Reply With Quote
Old 01-14-2019, 10:07 PM   #20
Recycles dryer sheets
Singletrack's Avatar
 
Join Date: Oct 2013
Posts: 61
Just paid in the safe harbor payment today using IRS DirectPay. That’s the bad news. I guess the good news is that I owed taxes...
Singletrack is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Should pension and SS amounts be reduced by est taxes? BBQ-Nut FIRECalc support 4 02-07-2014 10:17 AM
Maintenance 10am EST May 16 2007:Server Re-location Ben P Forum Admin 0 05-16-2007 07:48 AM
Moving Servers (Friday 8:00 am EST) Andy R Forum Admin 15 02-09-2007 07:00 PM
Anyone pick up on new(est) Vanguard index fund wildcat FIRE and Money 3 08-03-2005 06:19 PM
Tear appart my est. for retirement budget dex FIRE and Money 7 11-01-2003 01:22 PM

» Quick Links

 
All times are GMT -6. The time now is 04:40 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.