Originally Posted by
HawkeyeFlyer
In that time frame last year the SP500 went up 11%
What’s the take-home point? (In that time frame in 2020 the SP500 went down 34% and in that time frame this year (thus far) the SP500 is down 14%.
BREAK
Originally Posted by
josephstern
…Interesting that you can still pay your Q1s now, but I guess the IRS just looks at the actual date in the end...
Agreed, interesting. FWIW, last year (but NOT at Band Camp
) although originally intending to make 4 equal estimated payments by the IRS deadline date, I ended up paying a little less for 2 payments and a little more for the last 2 payments, all still on time, due to a clear majority of my income occurring in the 4th quarter (mutual fund distributions). My accountant ended up calculating that the difference in payments resulted in a small (dreadfully infamous
) Underpayment Penalty.
2022 Form 1040-ES Instructions Payment Due Dates
You can pay all of your estimated tax by April 18, 2022, or in four equal amounts by the dates shown below.
1st payment .. April 18, 2022
2nd payment .. June 15, 2022
3rd payment .. Sept. 15, 2022
4th payment .. Jan. 17, 2023*
* You don’t have to make the payment due January 17, 2023, if you file your 2022 tax return by January 31, 2023, and pay the entire balance due with your return.
(Pay1040.com FAQs) Form 1040ES Estimated Tax - Tax Year 2022: 1st Quarter 03/01/22 - 05/15/22, 2nd Quarter 05/15/22 - 07/15/22, 3rd Quarter 07/15/22 - 10/15/22, 4th Quarter 10/15/22 - 01/01/23, 7 AM ET
Also interesting that these dates allow 3 out of 4 payments to be up to 30 days “late” and require the 4th payment to be 16 days “early”.
FWIW, I made my 4th 2021 estimated payment after 1/1/22 (but prior to the IRS deadline), perhaps Pay1040.com will revise their FAQs.