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Subject:  Re: Estimated Taxes Date:  8/11/2001  9:52 AM
Author:  lorenzo2 Number:  53246 of 127753

teedup1: I thought estimated tax installments/payments were due in April, June, September and in December if one wants to file an itemized return for the current year 2001. Otherwise, the last installment is due in January (if not itemizing deductions for 2001).

irasmilo: There is no difference in payment dates for itemized vs. standard deductions.

The last quarterly installment is indeed due in mid-January. However, teedup1's comment makes sense in one respect. At least in my state (Maryland), quarterly payments of estimated state tax are due on the same schedule as federal payments. And if you're planning to itemize, you should make that fourth payment by end-December. If you wait until the mid-January deadline, that last state tax payment won't be available as an itemized deduction until the following year. If you're not itemizing, then January will do just fine.
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