As 2023 winds down, the IRS is reminding taxpayers who didn’t pay enough tax during the year to help avoid penalties by making a 4th quarter estimated tax payment by Jan. 16, 2024. Those who may need to make estimated payments include investors, gig workers and others with self-employment income. Also, it’s common for those who owed tax last year to find themselves in the same situation this year, possibly due to switching from itemized deductions to the standard deduction. In addition, households with two wage earners and those who failed to increase their withholding may owe at tax time. For more from the IRS, including how to make an estimated payment: https://bit.ly/46ZepC4 Questions? Contact the Cg team. © 2023