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December 5, 2024
Question

Can I pay taxes on matured CD before end of year?

  • December 5, 2024
  • 1 reply
  • 0 views

I'm retired and I have a CD that will mature on the 19th of Dec 2024.  Interest accrued will be over $15,000.00 and I want to pay taxes this year so I don't have to pay estimated taxes next year.  Can I make an early payment to the IRS and if so, how do I do that?

    1 reply

    DoninGA
    Employee
    December 5, 2024

    You can make an estimated tax payment for tax year 2024 at any time on or before January 15, 2025 at this IRS payment website - https://www.irs.gov/payments