Let’s Talk About Tax Withholding & Estimated Payments

If you’ve ever been surprised by a tax bill or worse, faced penalties — it might be time to review your tax withholding or consider making estimated payments throughout the year.

Many people assume their taxes are automatically handled, but the truth is: if you're not withholding the right amount or making timely estimated payments, you could end up owing more than expected when tax season rolls around.

Here’s how to stay ahead:

🔹 For W-2 Employees: Use the IRS Tax Withholding Estimator to make sure you're withholding enough. Life changes — like getting married, taking on a side hustle, or having children — can all affect your tax situation. A quick update to your W-4 can make a big difference.

🔹 For the Self-Employed, Freelancers, and Business Owners: You're responsible for making quarterly estimated tax payments — usually due in April, June, September, and January. These include both income and self-employment taxes. Missing payments can result in steep penalties.

🔹 For Investors, Landlords, and Side Hustlers: If you're earning income that isn’t subject to automatic withholding — such as rental income, dividends, or freelance earnings — you may still need to make estimated payments, even if you also have a regular job.

✔️ Stay proactive
✔️ Avoid penalties
✔️ Spread your tax payments throughout the year instead of facing one large bill

Not sure how much to withhold or whether estimated payments apply to you? I’m here to help. Let’s review your situation and set you up for a smooth, stress-free tax year.

📅 Schedule your free consultation or case investigation: www.assistancetaxrelief.com/appointments 

Phone: (720) 383-6160

Email: adam@assistancetaxrelief.com 

Fax: (720) 484-8700