Tax pros support a bill to change the due dates for estimated tax payments CONGRESS by individuals.
Currently, estimated payments are due in April, June, Sept., and Jan. of the following year.
For example, for 2021, the first payment was due on April 15, 2021; the second, on June 15, 2021; the third is due Sept. 15, 2021; and the fourth, on Jan. 18, 2022.
The proposal would have the payments due 15 days after the end of each quarter:
April 15, 2022 / July 15, 2022 / Oct. 15, 2022 / Jan. 15, 2023
Tax preparers say this change, if enacted, would make it easier for self-employed people and others to compute and submit timely payments, thus reducing unintentional errors.
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