Apr '25 • CPA’s Corner: Financial Q&A
🔔 Heads Up: First Quarter Tax Payments Are Due April 15
Hey agents 👋
If you hit the ground running in 2025 and already had closings in Q1 — first off, congrats! 🎉 That’s a big deal. But now it’s time to handle the less fun part of being self-employed…💸 Estimated Taxes.
As a real estate agent, no one’s withholding taxes from your commission checks — which means you are responsible for making quarterly tax payments to the IRS (and possibly your state).
What You Need to Know:
✅ Q1 taxes (Jan 1 – Mar 31) are due April 15
✅ You’re paying income tax and self-employment tax (roughly 15.3%)
✅ If you skip quarterly payments, you could owe penalties and interest later
Not Sure How Much to Pay?
A simple way to estimate:
➡️ Set aside 25-30% of your net income from your commissions.
➡️ Work with a CPA (👋 hi, I can help) to dial it in based on your actual numbers.
Paying early and consistently keeps you in the IRS’s good graces — and keeps you from having a massive tax bill next April.
Got questions? Drop them in the group or shoot me a DM. I'm here to help you stay profitable and prepared.
– Bracey Alexander CPA | Real Estate Agent | Your Financial Wingman
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🔔 Heads Up: First Quarter Tax Payments Are Due April 15
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