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March 26, 2021
Question

Is it necessary to make quarterly tax payments for 2021 if I know I owe money? Can the payment be made all at once when I file next year?

  • March 26, 2021
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March 26, 2021

You will need to pay estimated taxes each quarter, otherwise you will be liable for the underpayment of estimated taxes penalty.

 

Please read this TurboTax article for more information.

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