Uncle Sam expects a quarterly tax payment from the self employed next week on the 15th.
Make this the last quarterly tax payment you pay.
Think I’m advocating tax resistance? No way.
The tax collectors have more weapons than you want to encounter. It’s like the advice from the era of newspapers not to pick a fight with someone who buys ink by the barrel; Don’t spit in the face of the tax man.
Give up making them quarterly, I say.
Pay taxes monthly, just like every other recurring bill in your life.
Folks who get a paycheck have their income tax liability, or at least some estimate of that liability, deducted from each paycheck. No fuss, and, well, only some bother.
Their take home pay has already paid the taxes. The paycheck is what is available to pay the bills.
Not so the self employed.
We are expected to make quarterly estimated tax payments in January, April, June, and September.