
If you earn money from freelance work, independent contracts, or investments, you may need to pay federal taxes before you file your return. Checking now can help you avoid a surprise tax bill and an underpayment penalty.
The IRS is making it easier for eligible taxpayers with a strong history of filing and paying on time to receive penalty relief automatically. For self-employed workers and contractors, staying organized and paying estimated taxes on time remains one of the best ways to avoid unnecessary costs.