๐ต Annual Income Estimate
Per Quarter Payment
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Annual Tax Owed
โ
SE Tax
โ
Income Tax Est.
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Quarterly Payment Schedule
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Quarterly Tax Due Dates (2024)
| Quarter | Income Period | Due Date |
|---|---|---|
| Q1 2024 | Jan 1 โ Mar 31 | April 15, 2024 |
| Q2 2024 | Apr 1 โ May 31 | June 17, 2024 |
| Q3 2024 | Jun 1 โ Aug 31 | September 16, 2024 |
| Q4 2024 | Sep 1 โ Dec 31 | January 15, 2025 |
What happens if I miss a quarterly payment?
The IRS charges an underpayment penalty โ currently around 8% annually on the underpaid amount. More importantly, if you owe more than $1,000 when you file, you'll also owe this penalty on top of the tax. The simplest approach: set aside 25โ30% of every Uber/Lyft payment into a separate savings account and pay quarterly. Use IRS Direct Pay (free) to submit payments online.