Reminder: Dec. 15 is muni Q4 estimated tax payment deadline

Written on Nov 30, 2017

A legislative remedy kicks in after 2017, but for one more time municipal fourth quarter estimated tax payments for both businesses and individuals are again due this year on Dec. 15.

The change, driven by OSCPA, allows individual municipal income taxpayers to pay fourth quarter estimated payments until the 15th day of the first month of the ensuing taxable year (January 15 for calendar year taxpayers), for taxable years beginning in 2018.  Therefore, the first time this change will be available to individuals will be the 2018 fourth quarter payments due by January 15, 2019.

However, the current fourth-quarter estimated tax payment deadline (December 15 for calendar year taxpayers) is retained for taxpayers that are businesses.

Leave a comment