September 17 Tax Deadline: New Rates, New Rules

For most of America's taxpayers who make quarterly estimated payments, today is the deadline for making third quarter tax payments. The biggest change that will be noticed this quarter is a slight reduction in the tax rates.

Taxpayers who revise their tax calculations on a quarterly basis will want to refer to the revised tax rate schedules that reflect the changes brought about by the Economic Growth and Tax Relief Reconciliation Act of 2001.

Taxpayers who are directly affected by the tragic events of last week, either because the taxpayer is a victim or is involved in the rescue effort, or because the taxpayer works in a disaster area, or the taxpayer's records are maintained in a disaster, should refer to the special relief measures that were released by the IRS last Friday.

Use Form 1040-ES, Estimated Tax for Individuals, for your federal estimated payment. Be sure to mail your estimate to the correct address.

See our list of state revenue agencies if you need forms for your state quarterly estimated payment.

Related stories:

Missed Deadline? IRS Issues Reprieve

Breaking News: IRS Issues Additional Relief Measures

Emergency Tax Relief Bill Passed By House

IRS Waives Penalties Following National Crisis

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