For those of us that need to pay estimated tax payments, the next installment is coming due this week. The due date is September 15th but since that falls on a Saturday, the due date is the next business day of Monday September 17th. I went ahead and scheduled my payment online using the Electronic Federal Tax Payment System or EFTPS Online. I've scheduled a $750 payment (from my checking account) for this quarter and will pay $750 for the next quarter on January 15, 2008. I have been getting several inserts in my credit card bill telling me I can use my credit card to pay my estimated taxes for a small fee...no thanks, I'll use my checking account for free.

Are you also making a estimated tax payment? If so, SingleGuyMoney wants to know how much you are paying. Sorry, people always tell me I am too nosey.

3 comments

  1. SavingDiva // September 10, 2007 at 2:06 PM  

    I don't have to pay estimated taxes (thank goodness)...

  2. Dimples // September 10, 2007 at 9:53 PM  

    Aren't estimated tax payments for folks who are self-employed? I don't do them either.

  3. SingleGuyMoney // September 10, 2007 at 10:00 PM  

    Dimples - I usually owe the federal goverment so I am making estimated tax payments to lessen the blow. I know I could adjust my witholding but I don't like giving the government free use of my money.