How Do I Pay Quarterly Estimated Taxes?

How Do I Pay Quarterly Estimated Taxes?

After you have calculated how much to pay for quarterly taxes, you can submit your federal quarterly estimated taxes online through the IRS website. You'll have multiple options to make your payments, including credit or debit card, cash, PayPal, money wire, and more. You can also access options to schedule future payments through the Electronic Federal Tax Payment System (EFTPS).

States often offer various payment methods, including online payments, electronic funds transfer, credit card payments, or traditional check payments. Some states have their own online payment systems, while others might use the federal EFTPS for state tax payments.

    • Related Articles

    • Who Needs to Pay Quarterly Estimated Taxes?

      Business owners, freelancers, independent contractors, and self-employed individuals are typically required to pay quarterly federal estimated taxes if they expect to owe $1,000 or more in taxes when they file their tax return. If your business ...

    • What Are Quarterly Estimated Taxes?

      If you are self-employed or a contract worker and you are generating a profit, you may need to pay estimated quarterly taxes. Quarterly estimated taxes are periodic tax payments made by individuals and business owners who earn income that doesn't ...

    • How Much Do I Need to Pay for Quarterly Estimated Taxes?

      The important thing to remember with quarterly estimated taxes is that they are estimates. If you make more or less income than you anticipated, you can adjust your estimates for the next quarter. In addition, if you have questions or want help ...

    • Are There Penalties for Not Paying Quarterly Estimated Taxes?

      If you do not make estimated quarterly tax payments or do not pay enough tax throughout the year, you may have to pay a penalty and interest. The IRS charges interest on any underpayment from the due date until the date of payment. Each state has its ...

    • When Are Quarterly Estimated Taxes Due?

      Federal quarterly estimated tax payments are typically due on the following dates: April 15th: Payment for income earned from January 1st to March 31st. June 15th: Payment for income earned from April 1st to May 31st. September 15th: Payment for ...