If you earn money that doesn’t have taxes withheld when you’re paid, you’ll probably have to pay quarterly estimated taxes to the IRS (and most likely to your state’s department of revenue) in 2019.
Self-employed individuals typically must pay quarterly estimated taxes on a schedule established by the IRS.
What are the quarters?
First Quarter – The first quarter of a calendar year is made up
of January, February, and March.
Second Quarter – The second quarter of a calendar year is made
up of April, May, and June.
Third Quarter – The third quarter of a calendar year is made up
of July, August, and September
Fourth Quarter – The fourth quarter of a calendar year is made
up of October, November, and December.
Here are the quarterly estimated tax payment due dates for 2019:
April 15, 2019: Income tax due date AND the due date for your first quarterly estimated tax (QET) payment. In April, you’ll pay quarterly estimated taxes on the income you made in January, February, and March 2019.
June 17, 2019: This is when you’ll pay quarterly estimated taxes on the income you made in April and May 2019.
September 16, 2019: Quarterly estimated taxes for the months of June, July, and August 2019 are due on this date.
January 15, 2020: Quarterly estimated taxes for the months of September, October, November, and December 2019 are due on this date.
|January 31, 2019||1099- MISC due to Contractors|
|February 28, 2019||1009- MISC due to IRS (for each contractor)|
|March 15, 2019||S Corporation Tax|
|April 15, 2019||Personal Income Tax|
|April 15, 2019||Quarterly Estimated Tax|
|June 15, 2019||Quarterly Estimated Tax|
|September 16, 2019||Quarterly Estimated Tax|
|January 15, 2020||Quarterly Estimated Tax|
The IRS tax calendar has all the dates you’ll need and more.
In Google Calendar (or calender of choice), you can also subscribe to the IRS Tax Calendar for Businesses and Self-Employed.
Income tax dates:
Income tax is generally what we think of when we think of taxes. Key dates:
March 15, 2019: Tax due date for “S” corporations and corporations. It comes a full month before the typical income tax due date.
April 15, 2019: Your personal income tax is due on this day; so is your sole-proprietor or a single-member LLC income tax.
This information is for educational purposes only. Always consult an accountant or tax professional for information tailored to your specific business.