September tax filing deadline looms – except in these disaster areas

September tax filing deadline looms – except in these disaster areas

(NEXSTAR) – The September deadline to make an estimated tax payment is fast approaching, but taxpayers living in designated disaster zones across the U.S. will be granted an automatic delay, according to the IRS.

For people who don’t have an employer withholding part of their paychecks for taxes, Sept. 16 marks the deadline to make an estimated payment to the IRS. Taxpayers who fall into that category can include the self-employed, retirees, investors, businesses and corporations, among others.

“Taxpayers who underpay their taxes may have to pay a penalty regardless of whether they paid through withholding or through estimated tax payments,” the IRS warns. “Late and skipped estimated tax payments can incur penalties even if a refund is due when a tax return is filed. “

Can Ozempic kill the colon? Woman alleges so in lawsuit

A good rule of thumb, the IRS says, is that taxpayers should make estimated payments if they expect:

  • To owe at least $1,000 in taxes for 2024 after subtracting their withholding and tax credits.

  • Their withholding and tax credits to be less than the smaller of:

Detailed guidance is available on the IRS website.

A reprieve for taxpayers in disaster areas:

Taxpayers living in disaster areas across 17 states, Puerto Rico and the Virgin Islands may automatically receive more time to make a payment, but the new deadline will vary based on the extent of the destruction and the locality.

Here are the current deadlines, as of Sept. 5:

See more information on how to make a payment on the IRS Payments page.

Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

For the latest news, weather, sports, and streaming video, head to WIVT – News 34.

EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel210520-twitter-verified-cs-70cdee.jpg (1500×750)

Support Independent Journalism with a donation (Paypal, BTC, USDT, ETH)
WhatsApp channel DJ Kamal Mustafa