As a result of recent tax changes, you may need to be making estimated payments this year – even if you haven’t in the past. It’s a good idea to double check before the upcoming second quarter estimate due dates.
Federal estimated tax:
As a result of the updated withholding tables and compensation changes, you might need to be paying quarterly estimated payments. The second quarter federal estimated tax payment is due on Monday, June 17th.
Tennessee estimated tax:
Similarly, updated compensation changes mean you might need to be paying state quarterly estimated payments. The second quarter Tennessee estimated tax payment is also due on Monday, June 17th.
Contact your tax professional for more information.