Estimated tax payments

Publication 50 Tax ‎ Where to File Addresses for. Certain taxpayers must make estimated tax payments throughout the year. Taxpayers must generally pay at least percent of their taxes throughout the year through withholding, estimated tax payments or a combination of the two.

For estimated tax purposes, the year is divided into four payment periods. Each period has a specific payment due date. Having to calculate and pay estimated quarterly taxes four times a year may seem like a chore. But it can actually ease your burden come tax . Generally, the Internal Revenue Service (IRS) requires you to make quarterly estimated tax payments for calendar year 20if both of the following apply:.

Taxpayers can prepay their federal taxes by making estimated tax payments during the year. Self-employed taxpayers should do so by these . Official Payments makes it easy to pay federal estimated quarterly taxes using your favorite debit or credit card. Find out the situations in which you should consider paying estimated taxes. If you file your income tax or fiduciary return on a calendar-year basis, you must make your first estimated tax payment for 20by April 1 . Learn even more details at https.

Estimated Tax Payments for Individuals. If you are self-employed or do not have Maryland income taxes withheld by an employer, you can make quarterly . If you estimate that you will owe $2or more in tax (after credits and withholding , if any), then you should make quarterly estimated payments. You may need to pay estimated tax if you do not have enough Minnesota income tax withheld from your salary, pension, or other income. Paying your Indiana state taxes four times per year may seem difficult or a lot to keep up with, but if you make estimated quarterly payments , it may be beneficial .