If you are self-employed or have other third-quarter income that requires you to pay quarterly estimated taxes, make sure your third quarter payment is postmarked by Sept. 16, 2014.
What are the filing dates for federal quarterly estimated tax payments?
| Payment Period | Due Date |
|---|---|
| January 1 – March 31, 2014 | April 15, 2014 |
| April 1 – May 31, 2014 | June 16, 2014 |
| June 1 – August 31, 2014 | September 15, 2014 |
| September 1 – December 31, 2014 | January 15, 2015* |
*You do not have to make the payment due on January 15, 2015, if you file your 2014 tax return by February 2, 2015 and pay the entire balance due with your return.
Am I required to pay estimated taxes?
The Internal Revenue Service (IRS) requires you to make quarterly estimated tax payments for calendar year 2014 if both of the following apply:
- you expect to owe at least $1,000 in federal tax for 2014, after subtracting federal tax withholding and credits, and
- you expect federal withholding and credits to be less than the smaller of:
- 90% of the tax to be shown on your 2014 federal tax return, or
- 100% of the tax shown on your 2013 federal tax return (only applies if your 2013 tax return covered 12 months – otherwise refer to 90% rule above only).
For more information, read Publication 505, Tax Withholding and Estimated Tax
