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Old 09-16-2023, 08:32 AM   #21
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Another option is to open a high yield savings account at one of the online banks paying decent interest and use that account. EFTPS will set up a different set of log in credentials for that account but itís straightforward otherwise. Thatís what I ended up doing.
My step in that direction was to open a checking account at Fidelity. (I can make instantaneous transfers from my brokerage account to checking account.)
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Old 09-16-2023, 09:04 AM   #22
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We do not mess with quarterlies and pay all at once.
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Old 09-16-2023, 10:32 AM   #23
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I don't bother with exact day, just send my check in sometime during the month due. No problems that I am aware of.
Only had a penalty once, I completely forgot the 4th payment! Now I have reminders.
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Old 09-16-2023, 12:18 PM   #24
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I don’t schedule ahead since I adjust quarterly based on how dividends, STCG, interest and other factors are shaping up for the year. But there’s no chance I’ll forget because I get a reminder from my devices 5 days before each quarterly deadline - I set it up once and it rolls with no end date, so it happens year in and year out. That gives me 5 days to transfer money if needed and make estimated payments Fed and state online. Smart device reminders make life a lot easier for this and many other tasks!
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Old 09-16-2023, 01:48 PM   #25
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I do the 1/4 of prior years taxes (x110%) quarterly, reevaluating in December. If it looks like we’re going to overpay I can adjust the 4th payment in Jan. Otherwise we’ve met safe harbor and I will pay the balance April 15.

I occasionally use the annualized income method, like after a very high income year, but I haven’t had to for quite a while. Not dealing with it until December saves me a great deal of time/work.
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Old 09-16-2023, 01:58 PM   #26
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We do not mess with quarterlies and pay all at once.
I pay some as I go and true up in December.
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Old 09-16-2023, 02:12 PM   #27
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I calculate 90% of taxes use 99% withholding from an IRA withdrawal in December.
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Old 09-19-2023, 07:32 PM   #28
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If tax payers had to write a check instead of having taxes with held by their employer I winder how much the government would collect.
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