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Tax Trick: How to Outsmart the IRS and Save Big

The April 15 tax deadline is also the due date for estimated tax payments for self-employment income, investments, and more. To avoid penalties, you need to pay 90% of your expected 2024 taxes or 100% of your 2023 taxes if your income was under $150,000. You can pay through the IRS website, EFTPS, or by mail, but keep a record of your payment.