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Quarterly Estimated Tax Payments – Reminder

If you are making quarterly estimated tax payments to the IRS, the due date for the September 1st – December 31st, 2021 quarter of the year is January 18th, 2022. You may be able to skip the January 18th payment if you file your 2021 return by January 31st, 2022, and pay all tax due.

2021 Form 1040ES Instructions

For payments made using IRS Direct Pay, you can make payments until 11:45 PM EST, and for payments using a credit or debit card, payments can be made up to midnight on the due date.

For 2022, here’s when estimated quarterly tax payments are due:

If you earned income during this period

Estimated tax payment deadline

Sept. 1 – Dec. 31, 2021

Jan. 18, 2022

Jan. 1 – Mar. 31, 2022

April 18, 2022

April 1 – May 31, 2022

June 15, 2022

June 1 – Aug. 31, 2022

Sept. 15, 2022

Sept. 1 – Dec. 31, 2022

Jan. 16, 2023

These dates don’t coincide with regular calendar quarters, so plan ahead. 

Back in the day, writing a check was pretty much the only way to make an IRS payment. Now, you have online payment options. 

IRS Direct Pay

How it works: You go to the IRS Direct Pay website, verify your identity and bank information, and authorize an ACH debit from your bank account.

Benefits: 

  • Can be done online.
  • Also works for paying estimated taxes, installment agreement payments, and payments for amended returns and tax extensions.
  • Can schedule payments up to 365 days in advance.
  • Change or cancel a scheduled IRS payment until two days before the payment date.
  • Can get email notifications about your payment.
  • Can make same-day payments.

The Electronic Federal Tax Payment System (EFTPS)

How it works:  You go to the IRS EFTPS website, provide identity and bank information, wait about a week for a PIN to arrive in the mail, set a password, go back online, and authorize an ACH transaction from your bank account.

Benefits: 

  • Can be done online or via phone 24/7.
  • Works for paying all federal taxes, including business taxes.
  • Can schedule payments up to a year in advance.
  • Can make same-day payments.
  • Change or cancel a scheduled IRS payment until two days before the payment date.
  • Can get email notifications about your payment.

Contact Clergy Financial Resources to help you with the next steps.

Clergy Financial Resources
Tax I Payroll I Bookkeeping I HR
11214 86th Avenue N.
Maple Grove, MN 55369

Tel: 1 (888) 421.0101
Fax: 1 (888) 876.5101

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Clergy Financial Resources serves as a resource for clients to help analyze the complexity of clergy tax law, church payroll & HR issues. Our professionals are committed to helping clients stay informed about tax news, developments and trends in various specialty areas.

This article is intended to provide readers with guidance in tax matters. The article does not constitute, and should not be treated as professional advice regarding the use of any particular tax technique. Every effort has been made to assure the accuracy of the information. Clergy Financial Resources and the author do not assume responsibility for any individual’s reliance upon the information provided in the article. Readers should independently verify all information before applying it to a particular fact situation, and should independently determine the impact of any particular tax planning technique. If you are seeking legal advice, you are encouraged to consult an attorney.

For more information or if you need additional assistance, please use the contact information below.

Clergy Financial Resources
11214 86th Avenue N.
Maple Grove, MN 55369

Tel: (763) 425-8778 
Fax: (888) 876-5101
Email: clientservices@clergyfinancial.com

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If you would like to learn more about our tax services designed for clergy or payroll, bookkeeping or HR designed for churches, please complete the request form to have an advisor contact you.

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