Reminder: Thursday, 1/15, is due date for 2014, 4th QTR estimated taxes

I fricking hate taxes. Especially the bullshite progressive tax system we have. "The Success Penalty"- I understand paying taxes to support the system that allows me to make my money, but frick paying an escalating percent and losing all my damn deductions. Oh well...guess I'll be writing my check to support a village of welfkins and their deadbeat arse parents.

I wrote my check out this morning along with the accompnaying form 1040-ES but I won't be mailing them until Thursday.

I have, unfortunately, overpaid in a large way. Silver lining is that I'll get to skip this one.

Government keeps blowing money.

quote:

---

So who is required to do this? Anyone who may owe for not paying enough in taxes in 2014?

---

There are some "safe harbor" rules (if you've paid in more in2014 than your 2013 total FIT liability was) and I think there is no penalty if your amount due is less than $1,000.

You probably need to go to the irs' website and see for yourself if you're safe with the amount you've already paid in for 2014.

I'm not qualified to give tax advice, especially knowing so little about your tax and income situation.

But it's easy to pay an estimated amount. Just go to irs.gov, click on forms and instructions, find the Form 1040-ES (it's the form you complete that accompanies your payment check), complete the form for the 4th quarter 2014, write the check and mail both in to the address for your state. For Louisiana the address of the IRS office where we mail our estimated payments is in North Carolina.