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It’s estimated tax time again

September 8, 2009

A week from today, on Tuesday, Sept. 15, another estimated tax payment is due.

If you mail your third 2009 tax year 1040-ES voucher, it has to be postmarked by 9/15.

Estimated tax voucher3_Sept

On Monday, a couple of contributors to the 57th Tax Carnival talked about estimated tax issues: CashMoneyLife's Estimated Taxes Guide and Moolanomy's Self-Employment Tax And IRS Estimated Tax Payment.

I've also discussed this issue many times over the years, most recently back in January in Figuring your estimated tax amount.

E-pay is the way: I always mean to mention electronically paying your estimated tax amount earlier so folks who are so inclined can set up an Electronic Federal Tax Payment System, or EFTPS, account. Sorry. Life always seems to get away from me and my good intentions.

If you think EFTPS is for you (and despite some early glitches, I like it; I just scheduled our September 1040-ES payment on Monday before I left for Dallas), ES time means EFTPS enrollment time has enrollment tips and details.

In Dallas talking taxes: As I mentioned in the previous paragraph, I'm in Dallas for the next few days at this year's penultimate IRS Nationwide Tax Forum.

I also will spend some time at the Taxpayer Advocacy Panel table telling folks about our efforts to improve IRS processes and gathering more suggestions.

I've been to two of these sessions before and I've learned a lot. When I get home and sort through my notes and materials, I'll be sharing the Forum info and insights with you.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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