IRS Estimated Taxes Due Date Calendar 2013

Reminder for last quarter of 2013. If you’ll earn income outside of your W-2 paycheck this year, you may need to send the IRS some money before the usual tax-filing time. Here are the due dates for paying quarterly estimated taxes in 2013; they are supposed to be in four equal installments. This is for federal taxes only, state and local tax due dates may be different.

Tax Year / Quarter Due Date
2013 First Quarter April 15, 2013 (Monday)
2013 Second Quarter June 17, 2013 (Monday)
2013 Third Quarter September 16, 2013 (Monday)
2013 Fourth Quarter January 15, 2014* (Wednesday)

* You do not have to make the Q4 payment due January 15, 2014, if you file your 2013 tax return by January 31, 2014.

Who needs to pay estimated taxes?
In general, you must pay estimated tax for 2013 if both of the following apply:

  1. You expect to owe at least $1,000 in tax for 2013, after subtracting your withholding and credits.
  2. You expect your withholding and credits to be less than the smaller of
    • 90% of the tax to be shown on your 2013 tax return, or
    • 100% of the tax shown on your 2012 tax return. Your 2012 tax return must cover all 12 months.

If you forget to pay (like I’ve done before), then you should make a payment as soon as possible even though it is late. This will minimize any penalty assessed. This is all taken from IRS Form 1040-ES [pdf].

How do I pay?

  • By check. Fill out the appropriate 1040-ES voucher (last page) and send to the indicated address. If it is postmarked by the due date, the date of the U.S. postmark is considered the date of payment.
  • By online bank transfer. You can link your bank account and pay via electronic funds transfer at EFTPS.gov or call 1-800-555-4477. No convenience fees. It takes a little while to set up an online account, so plan ahead.
  • By debit or credit card. Here is page of IRS-approved payment processors. Pay by phone or online. Fees will apply.

I usually pay online at EFTPS.gov for both convenience and to avoid fees. In rare cases with the right credit card promotion, it can be worth it to pay the credit card processing fee. For example, last year I paid taxes with my Chase Ink Bold card. I paid $189 in fees, but earned $500 of bonus points.

Comments

  1. This might be a question that I should ask an accountant, but can you start paying with 1040-ES any time in the year or do you have to file something with the previous year’s return to start making estimated tax payments in the current year?

  2. @Jay – You can start them any time. In 2011 I had to make estimated tax payments (but didn’t know that at the time we did our 2010 return – I won a chunk of money on Jeopardy mid-year.) :) We just sent it in for the 3rd quarter, and all was fine. (Held true for both state and federal if I remember correctly.) Only thing that changed was the next tax year, the state sent me handy little pre-addressed envelopes, in case I wanted to make a habit of sending them more money… lol.

  3. Exactly, you can send the IRS money any time. They certainly won’t say no! Just make sure everything is clearly written and keep copies and records of everything.

  4. Thanks for the reminder, Jonathan. I had totally forgotten for this quarter. Just once again showing why you are the best blog out there!

  5. Estimated tax must be paid in the current year. it’s too late for 2013. 2014Q1 payment is due April 2014.

  6. Do I pay tax for stock sales if I am in the 25% bracket? Meaning, I pay 0% for capital gains because of my bracket; do I still have to add it to my W-2 income for an AGI and pay tax on the stock profits since my W-2 withholdings don’t cover the added income from the stock sale? (Does this question make sense?)

  7. Are Q4 2013 Estimated tax payments that are paid in January 10, 2014 considered 2013 tax payments? Or are they considered 2014 tax payments?
    Thanks.

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