00:00:00 Intro
00:00:16 What does it mean to apply your tax refund to Q1 taxes?
00:00:42 Weighing your tax refund options
00:02:35 When you should take the tax refund
00:02:46 When you shouldn't take it out
00:03:49 Ending

Right now some of us who are owed tax refunds are asking the same question: “Where’s the money, IRS?”

They have been slow to provide refunds this tax season.

A big reason for the delay is that the IRS is dealing with all the special provisions and stimulus payments that were designed to help ease the destruction that the pandemic wrought upon our economy.

Some taxpayers, on the other hand, are not wondering where “the money” is because they have decided to apply their tax refunds to their estimated taxes instead of receiving the money now.

Let’s explore this idea in three steps:

- What does it mean to apply your refund to estimated taxes, and how do you do it?
- Why would you want to do this?
- When would it be smart to take a refund instead?

👉 You can read the full article over on the TL;DR: Accounting website: https://www.tldraccounting.com/what-d...

#taxrefund #applytaxrefund #estimatedtaxes

TL;DR: Accounting is a virtual accounting firm for therapists in private practice and small business owners. You can schedule a chat with one of our accountants any time over on our Let's Chat page: https://www.tldraccounting.com/lets-c...