Can you mail estimated taxes on the day due
The IRS allows you to mail your estimated tax payments on the due date, but it's not recommended. Here's why:
- Risk of late payment penalty: If you mail your payment on the due date, there's a risk that it may not arrive on time, which could result in a late payment penalty. The IRS considers a payment to be "on time" if it's received by the due date, not just postmarked by the due date.
- No confirmation of receipt: When you mail a payment, you won't receive confirmation that the IRS has received it. This can lead to uncertainty and potential issues if you need to verify your payment.
- Potential for lost or delayed payments: Mail can get lost or delayed, which could result in your payment not being received by the IRS on time.
Instead, consider the following options:
- Pay online: You can pay your estimated taxes online through the Electronic Federal Tax Payment System (EFTPS) at irs.gov/payments. This way, you'll receive instant confirmation of your payment.
- Pay by phone: You can also pay your estimated taxes by phone using the EFTPS at 1-800-829-1040.
- Pay by wire transfer: You can pay your estimated taxes by wire transfer through your bank or financial institution.
- Pay in person: If you prefer to pay in person, you can visit a local IRS office or a participating financial institution.
Remember to keep a record of your payment, including the date, amount, and method of payment, in case you need to verify it later.
It's always a good idea to plan ahead and make your estimated tax payments on time to avoid any potential penalties or issues.