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@jessie..anne: brb getting EVERY single color @CiderCloset
Jessie
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Region: US
Wednesday 09 September 2026 14:41:55 GMT
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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
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