Taxpayers usually will have taxes withheld from their pay if they are an employee. However, if a person doesn’t have taxes withheld, or they don’t have enough tax withheld, they may need to make estimated tax payments. Taxpayers that are self-employed normally must pay their taxes this way.


Here are five tips about making estimated tax payments:


  1. When the tax applies. Taxpayers should pay estimated taxes if they expect to owe at least $1,000 in tax for 2017 after subtracting their withholding and refundable credits. Special rules apply to farmers and fishermen.


   2. How to figure the tax. Taxpayers need to estimate the amount of income they          expect to receive for the year. Taxpayers also need to make sure they take into          account any tax deductions and credits that they will be eligible to claim. Use              Form 1040-ES, Estimated Tax for Individuals, to figure and pay any estimated            tax.


   3. When to make payments. Taxpayers normally make estimated tax payments            four times a year. The dates that apply to most people for 2017 are April 18,               June 15 and Sept. 15. There is one last payment on Jan. 16, 2018.


   4. When to change tax payments or withholding. Major life changes like the              birth of a child can affect taxes. When these changes happen, taxpayers should          consider revising their estimated tax payments for the year. If the taxpayer is an          employee, they may need to change the amount of tax withheld from their pay. If        this is the case, the taxpayer should give their employer a new Form W–4,                  Employee's Withholding Allowance Certificate. Anyone can use the IRS                     Withholding Calculator tool at to complete the form.


   5. How to pay estimated tax. Taxpayers have a variety of ways available to them          to pay estimated tax. They can pay online, by phone or from their mobile device.        Direct Pay is a secure online service to pay a tax bill or pay estimated tax                    directly from a checking or savings account at no cost. Visit            for easy and secure ways to pay taxes. Paying by mail is another option. If a              taxpayer pays estimated tax through the mail, they should use the payment                vouchers that come with Form 1040-ES.


Taxpayers should keep a copy of their tax return. Beginning in 2017, taxpayers using a software product for the first time may need their Adjusted Gross Income (AGI) amount from their prior-year tax return to verify their identity. Taxpayers can learn more about how to verify their identity and electronically sign tax returns at Validating Your Electronically Filed Tax Return.






Have a Tax Question?

Five Tax Tips on Making Estimated Tax Payments


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