What do I must learn about withholding and estimated taxes?
The U.S. earnings tax is a pay-as-you-go system. The regulation requires most staff and self-employed enterprise house owners to pay at the least 90% of their taxes lengthy earlier than the April due date, which for 2023 particular person tax returns is April 15, 2024 (April 17 in Maine and Massachusetts). This due date might be delayed for victims of federally declared disasters.
Can I get an extension to pay my taxes?
Taxpayers can request a six-month extension to file their returns—Oct. 15, 2024, for 2023 returns—however that doesn’t delay the requirement to pay what’s owed by the April due date.
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