Submit a request

Follow

How do I know if I have to file quarterly individual estimated tax payments?

You must make estimated tax payments for the current tax year if both of the following apply:

  1. You expect to owe at least $1,000 in tax for the current tax year, after subtracting your withholding and credits.
  2. You expect your withholding and credits to be less than the smaller of:
  • 90 percent of the tax to be shown on your current year's tax return, or
  • 100 percent of the tax shown on your prior year's tax return. (Your prior year tax return must cover all 12 months.)

There are special rules for:

  • Certain small-business taxpayers
  • Certain taxpayers with higher adjusted gross income
  • Farmers and commercial fishermen
  • Aliens
  • Estates and trusts

See IRS Pub 505 for more details.