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For Immediate Release With the relief, those who would have had an October 16, 2023, postponed tax filing deadline now have until November 16, 2023, to file and pay. FTB generally conforms to Internal Revenue Service (IRS) postponement periods for presidentially declared disasters.

If you miss the deadline for a quarterly tax payment, the IRS automatically charges you 0.5% of the amount that you didn't pay for each month that you don't pay, up to 25%. To find out how much you owe up to this point, you can use a tax penalty calculator.

Estimated 2023 IRS Income Tax Return Chart IRS Accepts an E-Filed Return By:Direct Deposit Sent (Or Paper Check Mailed 1 week later):Jan. 23, 2023Feb. 3 (Feb. 10)**Jan. 30, 2023Feb. 10 (Feb. 17)**Feb. 6Feb. 17 (Feb. 24)**Feb. 13Feb. 24 (Mar. 3)**7 more rows • Apr 8, 2023

Taxes are pay-as-you-go. This means that you need to pay most of your tax during the year, as you receive income, rather than paying at the end of the year. There are two ways to pay tax: Withholding from your pay, your pension or certain government payments, such as Social Security.

Answer: Generally, if you determine you need to make estimated tax payments for estimated income tax and estimated self-employment tax, you can make quarterly estimated tax payments or pay all of the amount due on the first quarterly payment due date.

While you can wait until March or even the tax filing deadline of April 15, 2024 to file your 2023 return without any problems, there are a number of benefits that can apply when you file early.

Your return is considered filed on time if the envelope is properly addressed, has enough postage, is postmarked, and is deposited in the mail by the due date.

You also may have to pay a penalty if your estimated tax payments are late, even if you are due a refund when you file your tax return. Estimated tax requirements are different for farmers, fishermen, and certain higher income taxpayers.