Personal Finance and Investing

progree

(11,509 posts)

7. $41 extra in investment returns on the extra month I had the money invested

Reply to PoindexterOglethorpe (Reply #6)

Tue May 11, 2021, 01:55 AM

May 2021

that was nominally due April 15 but don't have to pay until May 17. Not a biggie, but why not?

A much larger amount was saved by taking advantage of the interest-free and penalty-free "safe harbor" in not paying in estimated taxes in 2020 beyond 100% of my 2019 taxes.

The above is taking advantage of the time to pay taxes. I filed my tax return several days before April 15 just to get it off the to-do list. I didn't see anyone in this thread or in this group saying they had delayed filing their tax return.

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Reminder: Estimated taxes are still due tomorrow. The May 17 deadline only applies to 2020 returns. [View all] FireUpChips10 Apr 2021 OP

Indeed. Sibelius Fan Apr 2021 #1

WARNING: If you use EFTPS or the IRS phone#, you must submit by 8 pm ET TONIGHT, the 14th progree Apr 2021 #2

Taxes are a fail here. bucolic_frolic May 2021 #3

They must be busy - they need another 90 days, on top of 90 days to respond progree May 2021 #4

I see May 17 is fast approaching: I owe federal and state a combined $10,000, sigh progree May 2021 #5

Honestly, while this extension is nice, I'm a bit lacking PoindexterOglethorpe May 2021 #6

$41 extra in investment returns on the extra month I had the money invested progree May 2021 #7