Self-employed? You can’t wait until April 15. The IRS requires quarterly estimated tax payments if you expect to owe $1,000+.

Why it matters:

• Avoid underpayment penalties & interest
• Spread tax burden throughout the year
• Stay IRS compliant
• Better cash flow planning

Payment deadlines:
Q1 (Jan-Mar): April 15
Q2 (Apr-May): June 15
Q3 (Jun-Aug): September 15
Q4 (Sep-Dec): January 31

Pro tip: If income fluctuates, pay different amounts each quarter based on actual income. Prevents overpaying in slow months.

Common mistakes:
❌ Forgetting self-employment tax (15.3%)
❌ Not adjusting when income changes
❌ Missing deadlines
❌ Not filing Form 1040-ES

Missing payments = penalties that add up fast. Set up a payment schedule that works for your business.

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