@keepertax: Miss the Sept. 15 quarterly tax deadline? The IRS can charge you for paying your estimated taxes late.⁠ ⁠ If you’re self-employed, a freelancer, or earning 1099 income, you may need to make quarterly estimated tax payments during the year. And if you underpay, waiting to catch up can cost you more.⁠ ⁠ For Q3 2026, the IRS underpayment rate is 7% annually. That does not mean you automatically owe a flat 7% penalty.⁠ ⁠ The amount generally depends on:⁠ ⁠ ✅ How much you underpaid⁠ ✅ How long you stayed underpaid⁠ ✅ The IRS rate in effect during that time⁠ ⁠ Here’s a simple example:⁠ ⁠ If you were $5,000 short on Sept. 15, at a 7% annual rate:⁠ ⁠ About 30 days late: $5,029⁠ About 61 days late: $5,058⁠ By tax time: about $5,203*⁠ ⁠ What does this mean? The SOONER you fix an underpayment, the LESS time the penalty has to add up.⁠ ⁠ Before the Sept. 15 quarterly tax deadline:⁠ ⁠ 1️⃣ Check if you actually need to pay quarterly taxes⁠ Look at your expected tax bill after withholding and credits.⁠ ⁠ 2️⃣ Recalculate how much you owe⁠ Use your actual 2026 income, business write-offs, withholding, and estimated tax payments made so far.⁠ ⁠ 3️⃣ Pay your updated estimate by Sept. 15 if you owe⁠ Don’t automatically reuse the same quarterly tax payment you made in June.⁠ ⁠ Keeper can help you calculate quarterly taxes, estimate your federal and state payments, and set up automatic quarterly tax payments so you don’t have to remember every deadline yourself.⁠ ⁠ 🔗 Link in bio to estimate your quarterly tax payment before Sept. 15.⁠ ⁠ 📌 Save this if you pay 1099 taxes, self-employed taxes, freelancer taxes, or quarterly estimated taxes!⁠ ⁠ *Illustrative example assumes a $5,000 underpayment and a 7% annual rate. The tax-time figure assumes that rate stays unchanged through Apr. 15, 2027. Actual IRS underpayment penalties depend on timing, applicable rates, and your tax situation. Educational only, not personalized tax advice.⁠ ⁠ This is educational only and not tax advice. Tax rules change year to year, so confirm the current rules or talk to a licensed tax pro about your situation.⁠ ⁠ #keepertax #quarterlytaxes #irs #taxdebt #taxes

Keeper - Self-Employed Taxes

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Tuesday 08 September 2026 00:14:23 GMT