Don’t Let the IRS Catch You Off Guard
Stay Ahead! Don’t Miss Your Estimated Tax Payments
If you’re self-employed, retired, or receive significant untaxed income—such as investment earnings or unemployment benefits—it’s crucial to be aware of your estimated tax obligations. The IRS mandates that individuals in these categories make quarterly estimated tax payments to avoid penalties.
Standard Federal Estimated Tax Deadlines for 2025
For most taxpayers, the federal estimated tax payment schedule for 2025 is as follows:
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April 15, 2025
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June 16, 2025
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September 15, 2025
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January 15, 2026
Note: If a due date falls on a weekend or federal holiday, the deadline is extended to the next business day.
Special Considerations for Los Angeles County Residents: Residents of Los Angeles County, California, affected by the wildfires that began on January 7, 2025, are eligible for tax relief. The IRS has extended various tax filing and payment deadlines for these individuals. Specifically, estimated tax payments originally due on January 15, April 15, June 16, and September 15, 2025, can now be made by October 15, 2025, without incurring penalties.
Additionally, if your tax records are located in the disaster area and are necessary to meet a deadline during the postponement period, you may also qualify for relief. In such cases, contact the IRS at 866-562-5227 to request assistance. Tax preparers with a valid power of attorney can make this request on your behalf.
Understanding and managing estimated tax payments can be complex, especially with recent changes due to natural disasters. At Velin & Associates, Inc., we specialize in providing comprehensive accounting services in Los Angeles.
Contact us today if you need help or you have a questions about estimated tax, our experienced team is here to help. Reach out today to ensure your financial obligations are met timely and accurately.
For more information about our services, please visit our website.
Velin & Associates, Inc
8159 Santa Monica Blvd STE 198/200 West Hollywood, CA 90046
323-902-1000
dmitriy@losangelescpa.org
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.