Quarter 3 Estimates
September 9th, 2022
The tax system in the United States operates under the premise that taxpayers remit income tax on profits as they earn it. For individuals that only have earned income from wages, that remittance is usually done by their employers. For taxpayers that have multiple sources of income (or income that is not reported on a form W-2), estimated payments may be required.
There are two methods for calculating estimated taxes. Estimated payments for Quarter 3 must be post-marked by Thursday, September 15, 2022. For Pennsylvania filers, please note that personal income tax payments greater than $15,000 must be made electronically. Please reach out to your Siegfried Advisory Relationship Coordinator if you have any questions.