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Estimated taxes are due quarterly on specific dates during the year. The IRS mandates that the normal due dates for estimated taxes are April 15 for the first quarter of a year, June 15 for the second quarter, Sept. 15 for the third quarter and Jan.15 of the following year for the fourth quarter. Related Reading: How to Print Quarterly Taxes in QuickBooks.
Estimated Tax Payments. â Quarterly payments due for each tax year shall. be 30 percent of taxpayerâs tax liability for the first quarter, 40 percent of. taxpayerâs liability for the second quarter, 0 percent of the taxpayerâs. liability is due for the third quarter, and 30 percent of taxpayerâs liability for. the fourth quarter. Taxpayers with a tax liability less than $500 ($250 for. married/RDP filing separately) do not need to make estimated tax payments.