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Estimated Tax Calculator

Calculate quarterly estimated tax payments

Income & Tax Details

Filing Status

Expected Total Income

$

Total income expected for the year

Self-Employment Income

$

Include if you have 1099/freelance income

Itemized Deductions

$

Leave 0 to use standard deduction

Withholding & Prior Year

Expected W-2 Withholding (Full Year)

$

Total expected withholding from paychecks

Prior Year Total Tax

$

Line 24 from last year's Form 1040

Estimated Tax Payments

Enter your details and click Calculate

See your quarterly estimated tax payments

Understanding Estimated Tax Payments

Who Needs to Pay Estimated Taxes?

You may need to make estimated tax payments if you expect to owe $1,000 or more in taxes after subtracting withholding. This commonly applies to:

Self-employed individuals and freelancers
Those with significant investment income
Rental property owners
Anyone whose withholding is insufficient

Safe Harbor Rules

To avoid underpayment penalties, you must pay the lesser of:

90% of your current year tax liability, OR
100% of your prior year tax (110% if AGI exceeded $150,000)

Quarterly Due Dates

Q1: April 15 (for Jan-Mar income)
Q2: June 15 (for Apr-May income)
Q3: September 15 (for Jun-Aug income)
Q4: January 15 (for Sep-Dec income)

How to Pay

Pay online at IRS.gov/payments, through EFTPS (Electronic Federal Tax Payment System), or by mailing Form 1040-ES with a check.

Disclaimer: This calculator is for informational purposes only and should not be considered financial, tax, or legal advice. Results are estimates based on the information provided and current tax laws. Consult a qualified professional for advice specific to your situation.

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