- You are expected to owe at least $1,000 after all withholding and credits have been subtracted.
- You expect your withholding and credits to be less than the smaller of:
- 90% of the tax on the current return or
- 100% of the tax shown on your prior year return.
When are the payments due?
Estimated payments for 2024 were due on April 15 (2024), June 15 (2024), September 15 (2024) and then January 15, 2025. Estimated payments for 2025 will be due on April 15 (2025), June 15 (2025), September 15 (2025), and January 15 (2026).
To calculate the amount you should send in for your estimated payment use 100% of last year's tax liability divided by 4 payments (if you are making four payments for the year). If you missed a payment and are only making 3 payments for the year then divide by three.
How can I make my payments?
You can either mail a check along with your payment voucher for each quarter, or you can make online payments using the IRS payment portal.
You can print out the payment voucher within our program by logging in and going to:
- Federal Section
- Payments and Estimates
- Vouchers for Next Year's Estimated Payments
- Enter your payment amounts and select Continue.
Then go to Summary and create a PDF. The payment vouchers will be included in the PDF of your return.
How do I change payment amounts?
If you need to change a payment amount and would like it to reflect on your payment vouchers, you can use the path noted above and make the desired changes. Then proceed to Summary/Print and print the PDF. The updated payment vouchers will be included in the PDF. You do NOT need to amend the return to change the estimated payment amount(s).
Please note, the payment vouchers are a reminder tool that you create for yourself. They remind you of the quarterly payment due dates and the amount of estimated payment needed based on last year's tax liability. If you need to adjust your payment based on changes to your income, you can submit the voucher or make a payment online and include the adjusted payment amount which will be recorded and accepted by the IRS.
For more information, please review this link: Estimated Taxes.